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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