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.<\/p>\n
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 earnings conference call.<\/p>\n
According to the company, the progress on this transaction has been a bit slow given its size and complexities. While discussions are currently ongoing, there are a few factors that need to be sorted out and these include the rental arm’s future development potential of around 20 million sq ft.<\/p>\n
<\/p>\n
Read more:\u00a0ETRealty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,10,5],"tags":[17],"class_list":["post-1223","post","type-post","status-publish","format-standard","hentry","category-city","category-delhi","category-ncr","tag-dlf"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1223"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1223\/revisions"}],"predecessor-version":[{"id":1224,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1223\/revisions\/1224"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}