The announcement was made during trading hours today, 5 March 2013.
Meanwhile, the BSE Sensex was up 126.97 points, or 0.67%, to 19,004.93.
On BSE, 98,000 shares were traded in the counter as against an average daily volume of 9.79 lakh shares in the past one quarter.
The stock hit a high of Rs 258 and a low of Rs 251 so far during the day. The stock had hit a 52-week high of Rs 287.40 on 28 February 2013. The stock had hit a 52-week low of Rs 169.55 on 4 June 2012.
The stock had underperformed the market over the past one month till 4 March 2013, sliding 7.17% compared with the Sensex's 4.42% fall. The scrip had, however, outperformed the market in past one quarter, rising 17.81% as against Sensex's 2.43% fall.
India's largest real estate developer by market capitalisation has an equity capital of Rs 339.74 crore. Face value per share is Rs 2.
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DLF said its board will also consider calling of an extraordinary general meeting (EGM) on 4 April 2013, for seeking shareholders approval for the above purpose.
The promoters of DLF held a 78.58% stake in the company as of 31 December 2012 and have until June 2013 to lower it to 75% as per regulatory norms.
DLF's consolidated net profit rose 10.46% to Rs 285 crore on 4% fall in revenue to Rs 2291 crore in Q3 December 2012 over Q3 December 2011.
DLF's primary business is development of residential, commercial and retail properties.
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