18 Apr 2025

DLF Shares Gain Over 2% as Company Inks Deal to Sell Kolkata Tech Park for RS. 693 Crore

DLF is currently trading at RS. 671.25, up by 14.65 points or 2.23% from its previous close of RS. 656.60 on the BSE.

The stock opened at RS. 657.00 and recorded an intraday high of RS. 673.00 and a low of RS. 656.60. So far, 1,06,312 shares have been traded on the counter.

This BSE group 'A' stock, with a face value of RS. 2, has touched a 52-week high of RS. 928.70 on September 26, 2024, and a 52-week low of RS. 601.20 on April 7, 2025. Over the past week, the scrip's high and low stood at RS. 673.00 and RS. 618.00 respectively. DLF currently holds a market capitalization of RS. 1,66,155.30 crore.

In terms of shareholding, promoters hold 74.08%, institutions 20.98%, and non-institutions 4.94%.

In a key development, DLF has signed a definitive Master Framework Agreement (MFA) with Srijan Realty and its subsidiaries for the sale of its IT/ITeS SEZ property in Kolkata. The asset includes a 25.90-acre freehold land parcel and the constructed DLF Tech Park building, offering a gross leasable area of approximately 10,54,357 square feet.

The buyers—Gangapurna Projects LLP and Makalu Builders LLP—are subsidiaries of Srijan Realty. The total consideration for the transaction is estimated at RS. 693 crore, subject to agreed adjustments in the MFA. Completion of the deal is expected within 12 months, with provisions for extension if required.

DLF is one of India’s leading real estate developers, known for its diversified portfolio spanning residential, commercial, and retail properties. The company operates a hybrid model of development and rental income.