DLF promoters sells stake in rental arm
Mon, Aug 28 2017, 11:39 AM
The promoters of real estate major DLF will see their stake in rental arm DLF Cyber City Developers to an affiliate of GIC Real Estate, Singapore, for a gross value of Rs11,900 crore. A substantial portion of the transaction proceeds will be invested in the company, a DLF press release on Sunday said. DLF Cyber City Developers is one of the largest and most profitable subsidiaries of DLF.