DLF Ltd has announced that the Board of Directors of the Company at its meeting held on July 28, 2010, has approved further Issue of Equity Shares by it's Wholly Owned Subsidiary - DLF Brands Ltd. (DBL) under the Unlisted Public Companies (Preferential Allotment) Rules, 2003 to a Promoter Group Company, subject to requisite approval of shareholders. Upon such approval and further issue of preferential equity shares, DBL will cease to be a subsidiary of the Company.
The stock was trading at Rs.308.55, down by Rs.3.30 or 1.06%. The stock hit an intraday high of Rs.310.85 and low of Rs.1.06.
The total traded quantity was 619617 compared to 2 week average of 1139437.
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