• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi , Oct 13

DLF Universal has picked up 19 per cent stake in Delhi-based infrastructure consultancy Feedback Ventures Pvt Ltd for about Rs 16 crore.

"The total value of Feedback is Rs 84 crore and we paid 19 per cent of that to pick up the stake," said Mr Ramesh Sanka, DLF Group CFO.

As part of the deal, DLF will also have two representations on the board of Feedback Ventures.

The two officials are Mr Sanka and the head of the residential vertical of DLF, Mr David Rebello.

"The two of us will be on the board in the next board meeting of Feedback," said Mr Sanka.

DLF picked up the stake because of the huge talent and manpower pool and expertise in infrastructure services that Feedback has.

"The company has been extending its services to us for several years. By making this strategic investment, we are making sure that the relationship continues," said Mr Sanka.

More Stories on : Stocks | Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Young Investors: Get a bang for your buck

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line