DLF declines 8% on report of block deal trade
DLF shares fell 8.4 percent to close at Rs 184.60 on April 8 after a media report highlighted a block deal trade in morning.
About 6.8 crore shares (representing 3.8 percent of total paid-up equity) of the company changed hands on NSE in a single block deal at Rs 192.65 per share, reports CNBC-TV18.
The deal was worth Rs 1,311 crore
DLF's group Chief Financial Officer Ashok Tyagi recently said the QIP proceeds and further infusion of Rs 2,500 crore from promoters against the issue of warrants would help the company significantly reduce the debt that stood at around Rs 7,200 crore as on December 31, 2018.
DLF promoters K P Singh and family have already infused Rs 9,000 crore in the company and would pump in Rs 2,250 crore more.
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