DLF rental arm gets $1billion bids from three big investors

Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over $1-billion separate bids to acquire a 40% stake in DLF’s commercial property unit that owns rent-yielding assets. The three heavyweight investors are among those who made offers as the deadline for filing bids ended last weekend, sources directly familiar with the matter said. A consortium of Qatar and Abu Dhabi sovereign funds, along with Kotak Realty Fund, is seen as the fourth bidder in the process.

Read more: Economic Times