Shares of real estate, infrastructure and capital goods companies are witnessing a sell off in noon deals with many of them down over 6% each. Markets continue to trade near day lows after Japan's Nikkei slumped over 1,140 points or 7%.
Realty major DLF has raised Rs 1,863 crore through issue of over 81 million fresh shares to institutional investors, enabling it to dilute promoters stake to 75 per cent, in line with the Securities and Exchange Board of India's (Sebi) minimum public
On the heels of giving a clean chit to Robert Vadra in his controversial Gurgaon land deal with realty major DLF, the Haryana government has sought an explanation from IAS officer Ashok Khemka for alleged irregularities in cancelling the deal.
DLF is trading higher by 2.1% at Rs 275 after its board approved the issuance of fresh equity shares to dilute promoter group holding in the company to meet Sebi norms of 25% minimum public shareholding.