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BUZZ-India's DLF climbs ahead of audit committee review of share sale to GIC
August 23, 2017 / 5:29 AM / 4 months ago

BUZZ-India's DLF climbs ahead of audit committee review of share sale to GIC

** Shares of DLF Ltd rise as much as 7.9 pct to 189.15 rupees

** Stock top pct gainer on Nifty Realty index, which is up 3.1 pct

** DLF said on Tuesday an audit committee would review the status of the proposed sale of compulsorily convertible preference shares to an affiliate of Singapore sovereign wealth fund GIC (bit.ly/2wmjmrz)

** “The news is positive as proceeds from the proposed share sale will be infused back into DLF to help the company reduce debt,” said Parikshit Kandpal, senior analyst at HDFC Securities

** Nifty realty index gains the most among others on the broader NSE index and was set to post its first session of gains in four

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