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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
