Real estate shares in focus; DLF hits 52-week high
Posted on 29th June 2016 |
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Shares of real estate companies were trading higher by up to 10% on the Bombay Stock Exchange (BSE) in early morning trade on the back of heavy volumes. DLF, Unitech, Housing Development & Infrastructure (HDIL), Sobha, Oberoi Realty, Indiabulls Real Estate, Godrej Properties, Parsvnath Developers, Kolte Patil Developers and DB Realty were up 2%-10% on the BSE.
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DLF shares jump over 2% on report of receiving over $1bn bids for rental unit stake sale
Posted on 14th June 2016 |
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DLF shares jumped over 2 per cent intraday on Tuesday on media reports that Blackstone Group, GIC of Singapore and Brookfield Asset management have bid $ 1 billion for a 40 per cent stake in its commercial property unit, DLF Cyber City Developers (DCCDL) At 1.02 pm, shares of the realty firm were trading 1.84 per cent up at Rs 132.90. The scrip opened at Rs 133 and has touched a high and low of Rs 134 and Rs 132.05, respectively, in trade so far. |
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DLF to sell 32 screens to PVR for revised price of Rs 433 crore
Posted on 31st May 2016 |
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Realty major DLF on Tuesday said it has entered into an amended agreement to sell its 32 screens of DT cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore. DLF operates the multiplex arm DT cinemas and exhibition business under its subsidiary DLF Utilities. |
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DLF’s market cap continues to erode; high interest costs trim profit
Posted on 30th May 2016 |
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Realty firm DLF Ltd’s market capitalization is down to about one-fourth of what it was when the shares debuted on BSE in July 2007. Even starker is the 90% erosion in market cap since the shares hit an all-time high on 14 January 2008, after which the global markets went into a tailspin with the Lehman-crisis. |
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DLF to launch Mall of India in Noida today
Posted on 27th April 2016 |
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Bengaluru: DLF Ltd will officially launch on Wednesday Mall of India in Noida, a two million sq. ft retail and entertainment space, adding a sixth shopping mall to its portfolio of retail assets. The mall is expected to generate about Rs.250 crore of rental income annually for the realty firm. |
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DLF shares gain as promoters kick off $2bn divestment in rental arm
Posted on 11th April 2016 |
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DLF share price climbed over 3 per cent intraday on Monday after the realty firm initiated the process to sell promoters’ 40 per cent stake in its rental arm, a deal estimated at Rs 12,000-14,000 crore. At 2.16 pm, shares of DLF were trading 1.82 per cent up at Rs 120.60. The scrip opened at Rs 119.30 and has touched a high and low of Rs 122.40 and Rs 119.30, respectively, in trade so far.
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DLF, Indiabulls, Apollo Tyres fall on Panama tax documents
Posted on 4th April 2016 |
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Shares of DLF, Indiabulls group firms and Apollo Tyres Monday plunged by up to 4% on reports of leaked documents naming their promoters having associations with firms in tax havens. Shares of Apollo Tyres declined by as much as 3.01% to a low of Rs 169.15 on the BSE. |
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DLF sells Saket shopping mall to its own arm
Posted on 18th March 2016 |
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India’s largest realty firm, DLF, on Thursday sold its shopping mall at Saket in New Delhi to its wholly-owned subsidiary for Rs 904.5 crore, as part of a strategy to consolidate and monetise rental assets. DLF said the board of directors had “approved sale of ‘DLF Place Saket’, a shopping mall, having a built-up area of 5,16,000 sq ft along with land parcel... to Nambi Buildwell Pvt Ltd, a wholly-owned subsidiary of the company on an arm’s length basis”. |
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DLF pushes ahead with REIT listing plans
Posted on 29th February 2016 |
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Mumbai: Pushing a step closer to launching India’s first Real Estate Investment Trust (REIT), real estate firm DLF Ltd expects to complete forming a special purpose vehicle (SPV) within the next six months, said a top company executive of the Delhi-based company. “We would be ready with the SPV in the next six months. As we announced earlier, we have signed non-disclosure agreements with 25 global investors. We should be the first one to crack it (REITs),” Rajeev Talwar, chief executive officer (CEO), DLF Ltd, told Mint over the phone. |
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DLF Riviera doesn't need to pay monthly concession fee: Arbitral tribunal to NDMC
Posted on 22nd February 2016 |
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An arbitral tribunal consisting of Justice (Retd) Ajit Prakash, Justice Rekha Sharma and Justice SN Aggrawal on February 16 ruled in favour of real estate company DLF Commercial Developers Ltd in their dispute with the New Delhi Municipal Council (NDMC) over non-payment of monthly concession fee of Rs. 1 crore for the construction of a multiplex-cum-commercial facility at Yashwant Place in Chanakyapuri. |
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