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DLF rallies 9% in two days on stake sale buzz
This article was posted on Jul 4, 2011 and is filed under Market News
DLF has rallied 5% at Rs 230, extending Friday’s 5% rally, on reports that the company will sell its shareholding in two IT SEZs in Pune and Noida for a combined value of Rs 1,300 crore to pay debt.
Blackstone is likely to buy the IT SEZ in Pune for Rs 900 crore, while a high net worth investor will buy the Noida IT Park for Rs 400 crore. For more visit: Business Standard
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