hyderabadupdates.com Real Estate Goldman Sachs, ICICI Pru MF buy DLF shares worth ₹231 crore via block deals

Goldman Sachs, ICICI Pru MF buy DLF shares worth ₹231 crore via block deals

Goldman Sachs and ICICI Prudential Mutual Fund collectively invested Rs 231 crore in DLF through block deals, acquiring shares at Rs 531.7 apiece. This comes as DLF shares have underperformed, sliding 22% over the past year, mirroring the broader realty sector’s downturn. Despite a dip in quarterly sales bookings, the company reported strong cash generation and achieved zero gross debt.

Related Post

Runwal Enterprises secures ₹5,000-crore cluster redevelopment in Marine Lines, BandraRunwal Enterprises secures ₹5,000-crore cluster redevelopment in Marine Lines, Bandra

Both projects will be taken up under the cluster redevelopment framework under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR), which the state government has been actively promoting