DLF has allotted 17,30,00,000 Equity Shares of Rs 2/- each to eligible qualified institutional buyers pursuant to the QIP at the issue price of Rs 183.40 per Equity Share (including a share premium of Rs 181.40 per Equity Share), aggregating to approximately Rs 3172.82 crore.

The company has further allotted 24,97,46,836 Equity Shares of Rs. 2 each at a price of Rs. 217.25 per share (including premium of Rs. 215.25 per share) on conversion of 24,97,46,836 Compulsorily Convertible Unsecured Debentures (CCDs).

Pursuant to the allotment of Equity Shares in the QIP the paid-up equity share capital of the Company stands increased to Rs 391.49 crore comprising 1,95,74,75,112 Equity Shares. Upon conversion of CCDs, the paid-up equity share capital of the Company stands increased to Rs 441.44 crore comprising 2,20,72,21,948 Equity Shares.

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DLF Ltd rose 1.23% today to trade at Rs 192.85. The S&P BSE Realty Index index is up 0.66% to quote at 2044.86. The index is up 15.35 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 0.87% and Housing Development & Infrastructure Ltd added 0.78% on the day. The S&P BSE Realty Index index went down 8.3 % over last one year compared to the 15.77% surge in benchmark SENSEX.

DLF Ltd has added 16.1% over last one month compared to 15.35% gain in S&P BSE Realty Index index and 6.1% rise in the SENSEX. On the BSE, 7831 shares were traded in the counter so far compared with average daily volumes of 6.07 lakh shares in the past one month. The stock hit a record high of Rs 226 on 30 Apr 2018. The stock hit a 52-week low of Rs 141.2 on 19 Oct 2018.

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DLF announced its second joint venture with HINES. DLF Home Developers, a wholly owned subsidiary of DLF and Green Horizon Trustee (an affiliate of HINES) have entered into a joint venture for developing a high-end commercial project in Gurugram.

DHD will hold 67% stake in the joint venture while 33% will be held by HINES. The total investment in the joint venture is about Rs 1900 crore. HINES has invested approx. Rs 500 crore in the first tranche. Hines will have the option to increase its stake in the JV to up to 49%.

The project will be developed on 11.76 acres of land owned by the joint venture company. The land parcel is located across the highway to the existing business district of DLF Cybercity.

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DLF Ltd gained 2.83% today to trade at Rs 192.45. The S&P BSE Realty Index index is up 1.27% to quote at 1921.14. The index is up 9.63 % over last one month. Among the other constituents of the index, Indiabulls Real Estate Ltd increased 2.15% and Sunteck Realty Ltd added 1.66% on the day. The S&P BSE Realty Index index went down 21.11 % over last one year compared to the 10.88% surge in benchmark SENSEX.

DLF Ltd has added 17.56% over last one month compared to 9.63% gain in S&P BSE Realty Index index and 3.14% rise in the SENSEX. On the BSE, 81092 shares were traded in the counter so far compared with average daily volumes of 4.29 lakh shares in the past one month. The stock hit a record high of Rs 229.65 on 16 Mar 2018. The stock hit a 52-week low of Rs 141.2 on 19 Oct 2018.

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