Institutional confidence returns as DLF strengthens its balance sheet despite stock underperformance.

Goldman Sachs, ICICI Pru MF Invest ₹231 Cr in DLF via Block Deals.

Global investment bank Goldman Sachs and ICICI Prudential Mutual Fund collectively invested ₹231 crore in DLF through block deals, signalling renewed institutional interest in the realty major. Each investor purchased shares worth around ₹115 crore at ₹531.7 apiece, a 2% discount to Thursday’s closing price of ₹542.45 on the National Stock Exchange. DLF shares closed at ₹540.70, marginally lower by 0.32%. Sellers in the transaction included Best Investment Corporation and BG WW Asia ex-Japan Fund of Baillie Gifford. The stock has underperformed, falling 22% over the past year, broadly in line with the real estate sector’s weakness, as Nifty Realty declined 19%, while BSE Sensex remained flat. Despite muted Q3 FY26 sales bookings, DLF reported strong cash generation of ₹3,876 crore and achieved zero gross debt, ending the quarter with a net cash position of ₹11,660 crore, reinforcing its long-term financial strength.