Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessCompaniesDLF gains 2% ahead of board meet for offer for sale

    DLF gains 2% ahead of board meet for offer for sale

    DLF, the biggest real estate company in India, gained more than 2 percent on Tuesday as the board of directors will meet on Wednesday, March 6 to consider offer for sale.

    March 05, 2013 / 13:43 IST

    DLF, the biggest real estate company in India, gained more than 2 percent on Tuesday as the board of directors will meet on Wednesday, March 6 to consider offer for sale.

    The dilution of stake via OFS route is for the complying with minimum public shareholding norms set by SEBI. According to rules, every company has to increase public shareholding minimum 25 percent in the company by June 2013.

    The board will also consider calling of an extra-ordinary general meeting on April 04, 2013, for seeking shareholders approval for the above purpose.
     
    At 09:32 hours IST, shares rose 2.13 percent to Rs 256.05 on Bombay Stock Exchange.

    first published: Mar 5, 2013 10:15 am

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347