• Post this transactions, the stake of promoters, KP Singh and family, has increased to 74.99 percent from 74.86 percent it held earlier in the firm.
  • Yesterday, DLF's share price closed at Rs 107 apiece on the BSE. Its market cap stood at Rs 19,078.78 crore.   
  • As per the minimum public shareholding norm of market regulator SEBI, promoters cannot hold more than 75 percent shares in the company.  
  • Meanwhile, DLF's promoters are looking to sell their 40 percent stake in the company's rental arm DLF Cyber City Developers Ltd (DCCDL) by the end of this fiscal.
  • DLF has a rental income of about Rs 2,400 crore, of which DCCDL contributes Rs 2,200 crore.
  • The company has a land bank of nearly 300 million sq ft, of which around 40 million sq ft is under construction.

Promoters would re-invest a significant part of the amount realised from the proposed sale in DLF Ltd, which in turn would utilise this fund to trim its debt that stood at more than Rs 22,520 crore as on September 30.


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