Promoters of DLF, India\u2019s largest realty developer, are actively considering a split of the proposed 40% stake sale in the company\u2019s rental commercial property arm between two contenders \u2014 US private equity major Blackstone Group and Singapore\u2019s sovereign wealth fund GIC \u2014 said three persons familiar with the development.<\/p>\n
Under this structure, Blackstone and GIC may pick up stakes of 20% each in the rental arm. Billionaire KP Singh and his son own 40% in the company’s rental arm, DLF Cyber City Developers while DLF holds the rest.\u00a0The promoter family is expected to fetch around Rs 12,000 crore through the proposed sale of their stake in the rental arm. However, both Blackstone and GIC are keen to acquire the entire 40% stake individually.<\/p>\n
Read more: Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Promoters of DLF, India\u2019s largest realty developer, are actively considering a split of the proposed 40% stake sale in the company\u2019s rental commercial property arm between two contenders \u2014 US private equity major Blackstone Group and Singapore\u2019s sovereign wealth fund GIC \u2014 said three persons familiar with the development. Under this structure, Blackstone and GIC\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11],"tags":[24,17],"class_list":["post-968","post","type-post","status-publish","format-standard","hentry","category-city","category-others","tag-blackstone","tag-dlf"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/968","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=968"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/968\/revisions"}],"predecessor-version":[{"id":969,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/968\/revisions\/969"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}