DLF shortlists 6 potential buyers for promoters’ 40% stake in rental arm

India’s largest real estate developer DLF has shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers Limited that is expected to sell for about Rs 13,000 crore, two people aware of the development said. The company had invited expressions of interest and received 11 offers over the past few weeks. It has now shortlisted GIC, Blackstone, Warburg Pincus, Brookfield Asset Management, a consortium of Abu Dhabi Investment Authority (ADIA), Kotak Realty Fund and Qatar Investment Authority (QIA), and another fund whose name could not be ascertained, said one of the persons, who did not wish to be identified.

Read more: Economic Times