The company has launched the second phase of its luxury residential project Ultima.
With settlement of this dues, the company said it has completed the exercise of transforming its balance sheet and consolidation of all rental assets under the DCCDL.
In an investors presentation, DLF had last month said that the rental income from this project would start from October.
Magnolia Quality Development Corporation (MQDC) develops, invests in, and manages residential, mixed-use, commercial, and hotel projects.
Post significant deleveraging, risk profile is lower than before for DLF, CLSA said.
Indiabulls Real Estate, Oberoi Realty, Sunteck Realty and Unitech ended over 5 percent each
The stock fell 23 percent in three straight sessions to Rs 138.30, the lowest level since January 31, 2017.
In an explanatory note, the real estate major said its shareholders in the company's AGM held on July 30, had approved the reappointment of Singh as a whole-time director designated as Chairman for a period of five years with effect from October 1, 2018.
Going forward, we expect volatility to remain high in the near term and maintain our cautious stance on Indian markets
In December 2017, DLF entered into this joint venture with GIC when DLF promoters sold their entire 40 percent stake in DCCDL for nearly Rs 12,000 crore.
HDFC Securities is bullish on DLF has recommended buy rating on the stock with a target price of Rs 258 in its research report dated August 01, 2019.
We expect volatility to inch higher this week as participants will unwind and rollover their derivatives positions due to schedule F&O expiry on July 25
Founded in 2015, Skootr offers managed and customised co-working spaces to meet the demands of large corporate clients, start-ups, freelancers, SMEs, BPOs, and cohorts of working professionals.
The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company.
HDFC Securities is bullish on DLF has recommended buy rating on the stock with a target price of Rs 258 in its research report dated May 23, 2019.
The board of the company recommended a dividend of Rs 2 per equity share of face value Rs 2.
Total income rose to Rs 2,660.95 crore in the fourth quarter of 2018-19 fiscal from Rs 1,845.92 crore in the corresponding period of the previous year.
At 1004 hrs, DLF was quoting Rs 176, up 2.36 percent on the BSE.
DLF has to pay Rs 8,700 crore to the DLF Cyber City Developers Ltd (DCCDL), which is a joint venture firm of DLF and Singapores' sovereign wealth fund GIC.
Gurugram-based Skootr, which was founded in 2015, currently has 12 centres spread over 1.8 lakh sq ft area with about 3,600 seating capacity in Delhi, Gurugram, Noida and Jaipur.
At 1427 hrs, DLF was quoting Rs 182.35, down 2.77 percent on the BSE.