DLF shares surge 6% at close as promoters up stake

Shares of realty major DLF were up 6 per cent at close of trade today after its promoters bought 23 lakh shares of the firm through open market transactions for nearly Rs 25 crore, raising their stake to 74.99 per cent.
The stock surged 6.03 per cent to settle at Rs 113.45 on BSE. During the day, it soared 8.83 per cent to Rs 116.45.
At NSE, shares of the company climbed 5.97 per cent to close at Rs 113.55.
The company's market valuation rose by Rs 1,150.86 crore to Rs 20,228.86 crore.
In terms of volume, 32.11 lakh shares of the company changed hands at BSE and over two crore shares were traded at NSE during the day.

The 23 lakh shares were purchased on November 23-24 from the open market, the country's largest real estate company has said in a regulatory filing.
Post the transactions, the stake of promoters K P Singh and family in the firm has increased to 74.99 per cent, from the earlier 74.86 per cent.
As per the minimum public shareholding norms of markets regulator Sebi, promoters cannot hold more than 75 per cent shares in a company.