New Delhi: US-based fund Oppenheimer has bought nearly 51 lakh shares, worth about Rs 56 crore, in real estate major DLF through open market transactions.
OppenheimerFunds, registered as a foreign institutional investor (FII) in India, bought 50,99,048 shares, representing a 0.29 per cent stake, from open market on January 8, according to a regulatory filing.
Post-acquisition of shares, Oppenheimer's stake in DLF has increased to 7.30 per cent stake from 7.01 per cent held earlier.
Shares in DLF, on Tuesday, closed 2.14 per cent lower at Rs 109.60 apiece on the BSE.
In November last year, promoters of DLF, the country's largest real estate firm, bought 23 lakh shares of the company through open market transactions for nearly Rs 25 crore, raising their stakes to 74.99 per cent.
DLF has a land bank of about 300 million square feet, of which nearly 50 million square feet is under construction.
Last month, DLF received Rs 1,992 crore from Singapore's sovereign wealth fund GIC, thereby completing the deal to sell 50 per cent stake each in two upcoming projects in the national capital.
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