DLF, a leading real estate developer, announced that DLF Home Developers 'DHDL', a wholly owned subsidiary of DLF, received its final tranche of payment of Rs 935 million on the sale of balance shares of Galaxy Mercantile.

'GML', a JV company of DHDL, IDFC and others. In November 2011, IDFC had contracted to acquire 100% stake in the JV Company owning 1.3 mill. sq. feet IT Park located in Sector 62, Noida, Uttar Pradesh.

The above transaction is in line with the DLF's objective of divesting its non-core assets.

Shares of the company gained Rs 6.75, or 3.93%, to settle at Rs 178.40. The total volume of shares traded was 3,245,387 at the BSE (Tuesday).