DLF says funding worth Rs.1,992 crore received from GIC

DLF Home Developers Ltd. (DHDL), a wholly-owned subsidiary of DLF Ltd and GIC, Singapore’s sovereign wealth fund have signed an agreement to enter into a joint venture to invest in two upcoming projects located in Central Delhi.

With reference to the earlier intimations dated September 02, 2015 and November 16, 2015 wherein the Company had announced that DLF Home Developers Ltd. (DHDL), a wholly-owned subsidiary of DLF Ltd and GIC, Singapore’s sovereign wealth fund have signed an agreement to enter into a joint venture to invest in two upcoming projects located in Central Delhi.

DLF Ltd has announced that subsequent to receipt of CCI approval and having met other pre-closing conditions, the funding for the above said transaction has been concluded on December 23, 2015 with the receipt of Rs. 1,992 crore from GIC, Singapore’s sovereign wealth fund.

DLF Ltd is currently trading at Rs. 115.8, up by Rs. 2.4 or 2.12% from its previous closing of Rs. 113.4 on the BSE.

The scrip opened at Rs. 114.5 and has touched a high and low of Rs. 116 and Rs. 113.8 respectively. So far 6543590(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20220.65 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179 on 04-Feb-2015 and a 52 week low of Rs. 93 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 117.7 and Rs. 109 respectively.

The promoters holding in the company stood at 74.86 % while Institutions and Non-Institutions held 19.84 % and 5.3 % respectively.

The stock is currently trading above its 200 DMA.