DLF approves sale of equity shares, stock gains for 3rd day

Written By Unknown on Kamis, 07 Maret 2013 | 15.45

Mar 07, 2013, 01.46 PM IST

Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run up nearly 10 percent in the last three trading sessions.

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DLF approves sale of equity shares, stock gains for 3rd day

Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run up nearly 10 percent in the last three trading sessions.

Like this story, share it with millions of investors on M3

DLF approves sale of equity shares, stock gains for 3rd day

Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run up nearly 10 percent in the last three trading sessions.

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Shares of India's biggest real estate company DLF  jumped 2 percent on Thursday, continuing with its good run, up nearly 10 percent in the last three trading sessions.

On Wednesday, the board of directors of the company approved sale of equity shares via institutional placement programme (IPP) and/or any other method.

The board also approved convening of shareholders' meeting on April 04, 2013, to obtain approval for sale of shares.

The sale of equity shares is for complying minimum public shareholding norms of 25 percent by June 2013.

Promoter and promoter group hold 78.58 percent stake in the company as of December 31, 2012.
 
At 10:35 hours IST, shares went up 2.15 percent to Rs 275.35 on Bombay Stock Exchange.


To download current article in Word format, click here.

highlights

  • No case to revise direct tax rates, slabs
  • Super rich tax: 10% surcharge on income above Rs 1 cr
  • Modified provisions under GAAR effective April 1, 2016
  • No change in standard rate of excise duty, service tax
more »

flashes

  • FM speaks to CNBC TV18
  • Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
  • Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
  • Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
more »

InterpretationS

  • GAAR-Presumes tax benefit unless proved contrary
  • MFs covered for deductions u/s 80CCG
  • Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
  • ED on readymade garments exempted: positive textile sector
more »

SECTOR IMPACT

Select Sector to see impact

  • Auto - Cars & Jeeps
  • Auto - LCVs/HCVs
  • Banks - Private Sector
  • Banks - Public Sector
  • Cigarettes
  • Computers - Hardware
  • Computers - Software - Training
  • Construction and Contracting - Real Estate
  • Electricals
  • Engineering - Heavy
  • Finance - General
  • Finance - Investments
  • Infrastructure - General
  • Leather Products
  • Media & Entertainment
  • Mining/Minerals
  • Miscellaneous
  • Personal Care
  • Pesticides/Agro Chemicals
  • Power - Generation/Distribution
  • Refineries
  • Shipping
  • Sugar
  • Textiles - Denim
  • Textiles - General

Textiles - General

18:52 pm

Exice Duty on readymade garments exempted +ve for textile sector

TAX AND YOU

Salaried Person

REACTIONS

reaction on: Policy

Naina Lal Kidwai

Country Head | HSBC India

reaction on: Business

NK Jain

Vice-chairman | JSW Energy

reaction on: Markets

Mukesh Kumar

Head - Strategic Planning | HDFC ERGO General Insurance

reaction on: SME

Snehdeep Aggarwal

Founder & Chairman | Bhartiya International

reaction on: Policy

Sanjay Sanghvi

Partner | Khaitan & Co

What got Cheaper / costlier?

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