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DLF plunges to a record low since trading debut

DLF plunges to a record low since trading debut
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First Published: Tue, Feb 03 2009. 06 07 PM IST
Updated: Tue, Feb 03 2009. 06 07 PM IST
New Delhi: India’s top real estate firm DLF Ltd. on Tuesday tumbled to a record low after Macquarie Research voiced concerns on clarity around its fund raising activity.
DLF’s share price on the Bombay Stock Exchange index Sensex dropped by 13.2% to Rs132.85, on Tuesday, to its lowest price since the firm’s trading debut in July 2007.
The New Delhi based developer, reported a quarterly profit down by 69% on 31 January.
DLF on Monday said, it plans to raise Rs2000 - Rs4000 crore through the sales of non-strategic assets that includes surplus land and its wind power venture, and another Rs2,000 crore would be borrowed to replace its short term debts.
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First Published: Tue, Feb 03 2009. 06 07 PM IST
More Topics: DLF | Real Estate | Stocks | Shares | BSE |