NEW DELHI: DLF vice-chairman Rajiv Singh has sold 92 lakh shares of the realty major for Rs 198 crore through an open market transaction.
Singh, who is also a promoter of the company, offloaded the shares to another promoter entity Rajdhani Investment and Agencies Pvt Ltd.
According to bulk deal data available with the NSE, Singh sold a total of 98 lakh shares at an average price of Rs 215.25, valuing the transaction at Rs 198.03 crore.
As of December 2017, Singh held over 1.64 crore shares, amounting to 0.92 per cent stake in DLF, while Rajdhani Investment owned 97,920 scrips or 0.01 per cent stake in the realty company.
Source: Press Trust of India