DLF has more than 5 percent jump today. Actually, the company’s board meeting is on 25th August. What is the reason for tremendous growth in the stock and what decision can come in the board meeting, let’s know.
August 25 is the meeting of the DLF audit committee and board. It is believed that DLF’s board meeting will discuss selling 40 percent stake in rental business. Singapore’s GIC has reports of selling 40 percent stake. These deals can be completed in 13000 crores. Let DLF have a debt of about Rs 25,900 crore, in this case, deal with GIC is very important for the company.