DLF fixes IPP issue price as Rs. 230

The Equity Issuance Committee of the Board of Directors of DLF Ltd vide resolution dated May 15, 2013, approved and adopted the Prospectus in respect of the institutional placement of 81,018,417 Equity Shares under Chapter VIII-A of the SEBI Regulations, at an issue price of Rs. 230/- per Equity Share aggregating to Rs. 18,634,235,910/-. The Prospectus will be delivered for registration to the Registrar of Companies, NCT of Delhi and Haryana and filed with the Securities and Exchange Board of India, BSE Limited and the National Stock Exchange of India Limited.

The Equity Issuance Committee of the Board of Directors of the Company vide resolution dated May 15, 2013, finalised the Issue Price of Rs. 230/- (Rupees two hundred thirty only) per Equity Share to be issued pursuant to the proposed Issue.

Shares of DLF last traded in BSE at Rs.242.85, up by Rs.1.20 or 0.50%. The stock hit an intraday high of Rs.247.30 and low of Rs.240.55.

The total traded quantity was 12.06 lakhs compared to 2 week average of 9.05 lakhs.

Source : Equity Bulls

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