The stock finally ended at Rs 236, down 1.5%. The counter clocked a volume of 179.85 million shares today.
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(Updated at 1037 hrs)
DLF surged 8% to a high of Rs 255 in early trades on the back of promoters decision to offload nearly 10% stake (168 million shares) to institutionl investors.
The stock is now trading at Rs 248 - up over 5%. The counter has clocked heavy volumes of around 171.5 million shares so far on the BSE.
As per the news, the deal was supposed to be striked in a price range Rs 223-Rs 230 per share. The lock in period for these shares would be 180 days.
Earlier the promoters of the company had plans to sell 6-7% stake to FIIs.
