Oppenheimer hikes stake in DLF to 5.12%

US-based foreign fund house Oppenheimer has bought over 23.51 lakh shares in realty major DLF for about Rs 31.37 crore and increased its stake to 5.12 per cent.
In a filing to the BSE, DLF said that OppenheimerFunds, registered as an FII in India, bought 23,51,514 shares, representing 0.13 per cent stake, from open market on May 6.
OppenhiemerFunds already had 4.99 per cent stake in DLF prior to this transaction and the holding rose to 5.12 per cent after this transaction.
Promoter currently has 74.91 per cent stake in DLF.
DLF's share price today fell by 3.66 per cent to Rs 107.90 apiece on the BSE.

DLF, the country's largest real estate firm, has a land bank of about 300 million sq ft, of which nearly 50 million sq ft is under construction.