As per the sources available to www.propertykhazana.com, the stocks in the share market has strike a high of Rs. 227 and low of Rs. 223. Shares of DLF are hike by 1% after opening at Rs. 224 meantime, the share value is at Rs. 225 up by Rs. 0.90 at the National stock exchange. The total dealing amount on the counter stood at over 2.10 Lakhs. Galaxy Mercantile Ltd. (GML) is a JV company of DLF Home Developers Limited (DHDL); a complete owned supplementary of DLF Ltd.
has received the first portion of investment of infusion of capital from the IDFC as part of the procedure for the IDFC to take 100% stake in the joint venture company. Amount of Rs. 2 Billion has been received by the joint venture associates as well as the DHDL, still the due amount yet to be received from IDFC related to leasing highlights. Earlier to the infusion, the DHDL had about 73% equity venture in Galaxy Mercantile Ltd and the proprietor of the 1.3 Million Sq.ft IT Park which is situated in Noida in Uttar Pradesh.
Source: NIMMA BENGALURU
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