DLF trades in green on planning to raise up to Rs 395 crore via issue of debentures
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DLF is currently trading at Rs. 307.20, up by 4.30 points or 1.42% from its previous closing of Rs. 302.90 on the BSE.
The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 310.65 and Rs. 302.00 respectively. So far 589838 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.80 on 24-Feb-2021 and a 52 week low of Rs. 114.50 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 329.80 and Rs. 291.35 respectively. The current market cap of the company is Rs. 75905.43 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 20.08% and 4.97% respectively.
DLF is planning to raise up to Rs 395 crore through issue of debentures. The proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
