Stocks

DLF: Talk of stake sale at final stage

| Updated on January 16, 2018 Published on October 14, 2016


DLF will remain in focus on reports that Blackstone Group LP and Singapore sovereign fund GIC were shortlisted to buy a 40 per cent stake in its rental property arm. A Bloomberg report quoting sources said the funds were asked to proceed with the process of buying DLF Cyber City Developers’ shares, being sold by DLF Chairman KP Singh’s family. While the holding could fetch over ₹10,000 crore, DLF had a net debt of ₹22,120 crore at June end.

Published on October 14, 2016
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