Report says that West Asian sovereign funds Abu Dhabi Investment Authority and Qatar Investment Authority, along with Kotak Realty Fund and another global investor, are forming consortium to bid for 40% stake being sold by DLF's promoters in the company's rental arm DLF Cyber City Developers Limited.
DLF stock was down by 8% at Rs. 75. Report says that West Asian sovereign funds Abu Dhabi Investment Authority and Qatar Investment Authority, along with Kotak Realty Fund and another global investor, are forming consortium to bid for 40% stake being sold by DLF's promoters in the company's rental arm DLF Cyber City Developers Limited.
The scrip opened at Rs. 83 and has touched a high and low of Rs. 83.3 and Rs. 72.5 respectively. So far 7745465(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14497.65 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.15 on 06-Apr-2015 and a 52 week low of Rs. 79.9 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 100.95 and Rs. 79.9 respectively.
The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 18.7 % and 6.31 % respectively.
The stock is currently trading above its 200 DMA.
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