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Realty major DLF today said that US-based foreign fund Oppenheimer has increased its stake in the company to 5.18 per cent, which is worth nearly Rs 2,200 crore at current valuation.
In a filing to the BSE, DLF said that OppenheimerFunds, registered as an FII in India, bought 32.77 lakh shares or 0.19 per cent from open market on April 11.
OppenhiemerFunds already had 4.99 per cent stake in DLF prior to this transaction and the holding rose to 5.18 per cent after this transaction.
According to the latest shareholding pattern of the company available with BSE, Oppenheimer did not figure among entities with one per cent or above stake as on December 31, 2012. Promoter currently has 78.58 per cent stake in DLF, the country’s largest real estate firm.
The share price of the company closed at Rs 246.45 on the BSE.
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