DLF jumps up by over 7% ahead of board meeting
DSIJ Intelligence / 23 Aug 2017
With the board of real estate major DLF set to review the status of the proposed sale of compulsorily convertible preference shares to GIC, the company’s scrip advanced by over 7% during early morning trade on Wednesday, on the BSE.
With the board of real estate major DLF set to review the status of the proposed sale of compulsorily convertible preference shares to GIC, the company’s scrip advanced by over 7% during early morning trade on Wednesday, on the BSE.
The meeting of the audit committee is scheduled to be held on August 25, 2017 to consider and review the status of the proposed sale of CCPS held by CCPS holders to a GIC affiliate, including the key terms and conditions and make appropriate recommendations to the board, said DLF in a BSE filing on Tuesday post market hours.
DLF was trading at Rs 186 per share, up by Rs 10.70 or 6.10% as at 1041 hours on Wednesday, on the BSE. The stock hit an intraday high and low of Rs 189 and Rs 179.20, respectively. It attracted a traded volume of 1,18,26,384 shares and traded value of Rs 21,814.95 lakhs on the NSE. The company had hit its 52-week high of Rs 216 on May 17, 2017 and low of Rs 101 on December 27, 2016, on the NSE.
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