Tag Archives: DLF

DLF to sell 40% Cyber City stake for $2bn

Promoters of realty giant DLF K P Singh and his family have decided to sell their entire 40% equity in their flagship company in commercial space DLF Cyber City Developers (DCCDL) to Singapore-headquartered private equity firm GIC, formerly known as Government of Singapore Investment Corporation. The statement issued by the company did not divulge the… Read More »

DLF to invest Rs 3,500 crore in 2017 to complete running projects

India’s largest realty firm DLF Ltd will invest about Rs 3,500 crore this year to complete construction of almost all of its existing housing projects, a senior company official said. DLF has 18.5 million square feet area under construction in various housing projects, and it is targeting to complete about 15-16 million sq ft by… Read More »

DLF promoters in advanced talks for 40% stake sale in rental arm

The promoters of DLF are in advanced discussions with shortlisted investors to sell their 40% stake in the realty developer’s rental arm, DLF Cyber City Developers (DCCDL), its management said. The final bids will be presented to a committee of independent directors for the evaluation and making the final decision, they told analysts on an… Read More »

DLF investors a worried lot amid major cancellations

Realty major DLF saw nearly 50% cancellations of gross sales in the first nine months of FY17, sparking concerns among investors. At an investor presentation, DLF said, out of Rs 1,550 crore gross sales booked in the first nine months of the current fiscal, it saw cancellationupgradation of Rs 790 crore, effectively reducing bookings to… Read More »

Rs 12,000 crore deal: Singapore’s GIC leads race to buy 40% stake in DLF’s rental arm

GIC of Singapore is set to enter into exclusive bilateral negotiations with KP Singh and his family, the promoters of India’s largest real estate firm DLF Limited, to acquire their 40% stake in DLF Cyber City Developers Limited (DCCDL), the company that owns a portfolio of leased commercial assets, including the entire Cyber City complex… Read More »

DLF may split 40% stake sale in rental arm between GIC & Blackstone

Promoters of DLF, India’s largest realty developer, are actively considering a split of the proposed 40% stake sale in the company’s rental commercial property arm between two contenders — US private equity major Blackstone Group and Singapore’s sovereign wealth fund GIC — said three persons familiar with the development. Under this structure, Blackstone and GIC… Read More »