19 Apr 2025

DLF Shares Rise Over 2% as Company Signs RS. 693 Crore Deal for Kolkata IT SEZ Sale

DLF is trading at RS. 671.25, marking a rise of 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 a high and low of RS. 673.00 and RS. 656.60 respectively. So far, 1,06,312 shares have been traded on the exchange.

A BSE Group 'A' stock with a face value of RS. 2, DLF reached its 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 stock's high and low were RS. 673.00 and RS. 618.00, respectively. The company’s current market capitalization stands at RS. 1,66,155.30 crore.

Promoters hold a 74.08% stake in the company, while institutional and non-institutional investors hold 20.98% and 4.94% respectively.

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

The buyer entities, Gangapurna Projects LLP and Makalu Builders LLP, are subsidiaries of Srijan Realty. The total consideration for the deal is around RS. 693 crore, subject to agreed adjustments. The transaction is expected to conclude within 12 months, with provisions for extension as per the agreement.

DLF is one of India’s largest real estate developers, with core operations in residential, commercial, and retail projects. The company’s unique business model generates revenues from both property development and rentals.