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.
The stock opened at Rs 224 and hit a high of Rs 232 on the NSE. As many as a combined 7.93 million shares have changed hands on the counter till 1044 hours against an average 9.5 million shares traded daily in the past two weks.