DLF surges 4%; stake sale in rental unit sees big names evincing interest

Blackstone, GIC, Canada Pension Plan and Qatar Investment Authority are among the 25 global investment firms that have shown interest in buying DLF promoters’ stake in its rental arm, says report.

DLF Ltd stock was up by  4% to Rs.100. Report says that Blackstone, GIC, Canada Pension Plan and Qatar Investment Authority are among the 25 global investment firms that have shown interest in buying DLF promoters’ stake in its rental arm.

The scrip opened at Rs. 96.3 and has touched a high and low of Rs. 100.95 and Rs. 96 respectively. So far 8859511(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17092.24 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.4 on 05-Feb-2015 and a 52 week low of Rs. 90 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 97.95 and Rs. 92.4 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.