Shares of DLF soared nearly 17 per cent today following reports that its promoters are likely to enter into an agreement this month with Singapore's sovereign wealth fund GIC to sell their 40 per cent stake in its rental arm for an estimated Rs 13,000 crore.
The stock skyrocketed 16.51 per cent to settle at Rs 181.05 on BSE. Intra-day, it surged 18.53 per cent to Rs 184.20.
At NSE, shares of the company zoomed 16.77 per cent to end at Rs 181.65.
The company added Rs 4,576.71 crore to its market valuation, which stood at Rs 32,299.71 crore.
On the volume front, 29.09 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.
In October 2015, DLF had announced that its promoters would sell their entire stake in the DLF Cyber City Developers Ltd (DCCDL), which holds the bulk of the commercial assets of the group.
The promoters had in March this year entered into an exclusivity pact with GIC to negotiate on this transaction.
According to market sources, both the parties are likely to sign definitive agreement by the end of this month.
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