ADVERTISEMENT

DLF Gains On Buzz Of Receiving Bids For Stake Sale In Rental Arm

DLF wants to sell 40 per cent stake in its rental arm.
DLF wants to sell 40 per cent stake in its rental arm.
DLF shares rose over 2 per cent on Tuesday after reports said that big private equity players have shown strong interest to buy 40 per cent stake in the realty major's rental arm.  Blackstone Group, GIC and Brookfield Asset Management have separately submitted over $1 billion bids to acquire 40 per cent stake in the Gurgaon-based realty major's commercial property unit, reports said.  DLF had in October announced that its promoters...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit