“The resource (IT Park, Noida) is held in a joint venture company through a wholly-owned subsidiary from the company. The subsidiary is exploring various strategic options including the sale of its holding within the joint venture company, " the DLF said in a filing to Bombay Stock market.
DLF is looking to raise around Rs 950 crore through the risk sale. The company plans to reduce its debt by Rs 2, 500-3, 000 crore through the end of this financial year, reports suggest.
The stock hit a a lot of Rs 195 after opening at Rs 189 on the BSE. Around a hundred and fifty, 000 shares have changed hands on the counter in opening deals.