DLF builds on pact to sell wind power unit
31st January 2013 01:18 PM
Leading real estate developer, DLF gained on Thursday after it has entered into definitive business transfer agreement with BLP Vayu (Project 1), a subsidiary of Bharat Light & Power for transferring of its undertaking comprising of 150 MW capacity wind turbines situated at Kutch, Gujarat on slump-sale for a lump sum consideration of Rs 2.82 billion.
The transaction is expected to be consummated on receipt of requisite regulatory approvals. The transaction is in line with the DLF's objective of divesting its non-core assets, the company said. Shares ofthe companyare trading at Rs 276.95, up Rs 4.25, or 1.56% at the Bombay Stock Exchange (BSE) on Thursday at 12:09 p.m.The scrip has touched an intra-day high of Rs 277.90 and low of Rs 271. The total volume of shares traded at the BSE is 741,429.
In the earlier session, the shares rose 3.49%, or Rs 9.2, at Rs 272.70. Currently, the stock is trading all time 52-week high, which is above 63.34% over the 52-week low of Rs 169.55.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 251.20 21.50 8.56 1 Month 235.25 37.45 15.92 3 Months 205.25 67.45 32.86 6 Months 207.10 65.60 31.68 1 Year 217.05 55.65 25.64 Note: Based on previous day closing price.
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