DLF approves sale of equity shares, stock gains for 3rd day

Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run up nearly 10 percent in the last three trading sessions.

March 07, 2013 / 15:33 IST

26 Aug, 2025 12:21

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Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run, up nearly 10 percent in the last three trading sessions.

On Wednesday, the board of directors of the company approved sale of equity shares via institutional placement programme (IPP) and/or any other method.

The board also approved convening of shareholders’ meeting on April 04, 2013, to obtain approval for sale of shares.

The sale of equity shares is for complying minimum public shareholding norms of 25 percent by June 2013.

Promoter and promoter group hold 78.58 percent stake in the company as of December 31, 2012.

At 10:35 hours IST, shares went up 2.15 percent to Rs 275.35 on Bombay Stock Exchange.

first published: Mar 7, 2013 11:15 am

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