IndiaCatalog.com
India News
Search Web Directory
DLF Ltd Related news
DLF sells 33% of rental arm to GIC for Rs 11,900 crore
Posted on 26th August 2017
In one of the biggest real estate deals in the country, the board of directors of leading developer DLF has approved a 33.34 per cent stake sale in its rental arm — DLF Cyber City Developers Ltd (DCCDL) — for Rs 11,900 crore to an affiliate of Singapore’s GIC. The deal pegs the value of DCCDL at Rs 35,617 crore, the company declared in a BSE filing late on Friday evening.

In March, DLF had almost finalised a transaction to sell 40 per cent in the rental subsidiary for an estimated Rs 13,000 crore to the GIC affiliate. However, after weeks of deliberation leading up to a long board meeting on Friday, a decision was taken to sell a lower stake.


DLF to decide on arm's stake sale to GIC tomorrow
Posted on 24th August 2017
After months of negotiation, India’s largest real estate firm, DLF, is likely to announce its 40 per cent stake sale of DLF Cyber City Developers (DCCDL), for Rs 13,000 crore, to an affiliate of Singapore’s GIC in its next board meeting on August 25.

The sale would bring some relief to DLF, which reported a decline of 58 per cent in its consolidated net profit at Rs 109.01 crore for the quarter ended June.


DLF says board meeting on Friday to decide on rental arm stake sale to GIC
Posted on 23rd August 2017
MUMBAI: Realty developer DLF, in a board meeting to be held on Friday, will review and decide on its promoters’ proposal to sell their 40% in its rental arm DLF Cyber City Developers Ltd (DCCDL) to Singapore government’s sovereign wealth fund GIC.

In a regulatory filing, DLF has informed that a meeting of the audit committee will be held on August 25 to consider and review the status of the proposed sale of CCPS held by CCPS holders to a GIC affiliate including the key terms and conditions and make appropriate recommendations to the board.


DLF stock rated HOLD by Edelweiss as operational issues cast shadow on Q1
Posted on 19th August 2017
DLF’s Q1FY18 residential new sales were severely impacted as beginning May 2017 it had halted sales across projects citing RERA compliance. While sales should pick up in coming quarters, we expect slow pace until demand improves in Gurgaon market and/or DLF launches new inventory. We envisage meaningful rental uptick only post FY19 when ongoing rental assets become operational. We, hence, perceive limited earnings scale-up visibility. Deleveraging hinges on GIC deal valuation. Maintain Hold.

DLF, Maxworth, Mangalam, other builders get RERA rollout notice from Haryana government
Posted on 20th July 2017
The Haryana government has issued notices to 10 developers for advertising their projects without getting registered under the state’s Real Estate (Regulation and Development) Act. These developers are Chintel India, Pivotal infrastructure, Maxworth, DLF, Bestech, Tulip Infrastructure, Ambience Infrastructure, Mangalam Multiplex, Mansha Buildcon and Signature Global.

Poor sales push DLF's net debt up by Rs 700 cr in Jan-Mar to Rs 25,096 cr
Posted on 27th May 2017
Realty major DLF's net debt has increased by nearly Rs 700 crore in January-March quarter of the last fiscal at Rs 25,096 crore as housing demand continued to be sluggish.

DLF's net debt is likely to rise further due to expenses on construction to complete ongoing projects even as sales are expected to be muted for the next few quarters.


DLF in talks with global entities in co-work segment
Posted on 26th May 2017
DLF, the real estate giant, plans a major entry into the co-work space business. It aims to lease 100,000 sq ft of prime commercial space, initially in the Delhi region and Chennai, to start-ups in the co-working sector over the next couple of years. And, is in talks with New York-based WeWork and other US and Europe-based co-work service entities.

“We are looking at the space. In the next five years or so, we believe it would be around five to seven per cent of (our) total rental revenue. We have had talks with foreign players; a lot of private equity players are interested in this space,” sources in DLF said.


ICICI Bank, Hindustan Unilever, SBI, JBF Ind, Sintex Ind hit 52-week highs
Posted on 17th May 2017
ICICI Bank, Hindustan Unilever, State Bank of India (SBI), JBF Industries, Sintex Industries, Ceat and Finolex Industries are among 34 stocks from the S&P BSE500 index that hit their respective 52-week highs in otherwise range-bound market.

Bajaj Finance, Adani Transmission, DLF, Engineers India, Godrej Industries, Uflex, JSW Steel, Monsanto India, Sobha and Motilal Oswal Financial Services were also trading at their 52-week highs on BSE in intra-day trade.


DLF deal: Speed is of the essence
Posted on 3rd March 2017
Finally, on Wednesday, realty giant DLF Ltd announced that it has struck an exclusivity agreement with Singapore’s sovereign wealth fund GIC Pte to buy out 40% of the promoter’s stake in its rental subsidiary.

This much-awaited development has been the only hope for the company to extricate itself from a debt trap. However, the Street was not enthused and the stock plunged 8.1% and closed at Rs141 on Thursday.


DLF to sell 40% stake in rental arm to GIC
Posted on 2nd March 2017
In one of the biggest real estate deals, leading developer DLF has decided to sell 40 per cent of the stake in the company’s rental arm DCCDL for an estimated Rs 12,500 crore-Rs 13,000 crore to an affiliate of Singapore-based private equity firm GIC. While around 25 companies were in the fray when talks began to find a prospective buyer in April 2016, the race had eventually narrowed down between GIC and American private equity firm Blackstone.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Most Read News

There will be Shiv Sena CM in Maharashtra, no matter what: Sanjay Raut

Supreme Court: CJI Ranjan Gogoi's last working day today, Bar Association to organise farewell ceremony

Govt must read ‘extremely important’ dissent order in Sabarimala verdict: Justice Nariman

Amazon challenges Pentagon's $10-billion cloud deal with Microsoft

Women's entry at Sabarimala: Supreme Court refers matter to larger bench

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement