Tag Archives: DLF

DLF shortlists bidders for mega stake sale deal

DLF Ltd, India’s largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April,… Read More »

Blackstone, 2 others selected to sell DLF’s stake in office rental arm

Private equity group Blackstone; a consortium of sovereign funds of Abu Dhabi, Qatar together with Kotak Realty Fund; and GIC of Singapore are the final three shortlisted candidates in race to pick up the entire 40% stake held by DLF promoters in the office rental arm -DLF Cyber City Developers Limited (DCCDL). The three have submitted… Read More »

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… Read More »

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… Read More »

What’s the road ahead for DLF?

DLF Ltd’s much-anticipated stake sale in its rental portfolio could help India’s most valuable property developer reduce the debt on its books although analysts say its turnaround will only be complete when demand returns to the moribund residential real estate market. The stake sale aims to raise about Rs.12,000 crore with the promoters selling 40% in… Read More »

DLF sets stake sale in rental arm in motion: Blackstone, GIC among others likely to show interest

India’s largest real estate firm DLF is expecting to receive expressions of interest from prospective investors for the sale of its promoters’ 40% stake in the company’s rental arm DLF Cyber City Developers (DCCDL) over the next two weeks. It plans to finalise the buyer over the next two months and close the transaction latest… Read More »

Prestige Estates consolidating its office business as precursor to fundraising

Prestige Estates Projects Ltd, India’s third largest real estate developer by market capitalisation after DLF Ltd and Oberoi Realty, is in the process of consolidating its office business as a precursor to fundraising by bringing in an investor or going the real estate investment trust or REIT route. “We are in the process of doing segment… Read More »

DLF to bring malls under SPVs

DLF, the country’s largest real estate developer, is planning to bring its mall assets under separate special purpose vehicles (SPVs) so that it can sell stakes in them and convert them into real estate investment trusts (REITs) in the future. The company could raise as much as $1 billion through this route, a executive aware of… Read More »

DLF launches Rs 1,800 crore shopping mall in Noida

Realty major DLF on Wednesday formally launched its shopping mall in Noida, touted as one of the biggest in the country and built at an investment of Rs 1,800 crore. India’s largest realty firm is expecting about Rs 225 crore rental income per year from this mall, which has a leasable area of about 2 million… Read More »