DLF is set to acquire DLF Asset Ltd (DAL), a property trust owned by its promoters KP Singh and family, for around Rs 10,000 crore as the country’s largest real estate firm looks to consolidate its commercial assets under one company.
The transaction will be executed through DLF Cyber City Ltd, a wholly-owned commercial assets subsidiary of DLF. DLF plans to list DAL on the Singapore Stock Exchange before March.
The equity value of the deal, which includes DAL’s Rs 7,300-crore debt, is around Rs 2,500 crore. Under the proposed deal, DLF Cyber City will acquire Caraf Ltd, an investment firm of KP Singh and family that owns DAL. After the deal, DAL will become a wholly-owned subsidiary of DLF Cyber City. Since this is a cashless transaction, DLF Cyber City will issue fresh shares to the promoter family.
More : economictimes.indiatimes.com
Send an E-Mail for Noida Property Enquiry!
Related News from Noida
Corporate Office
Corporate Office is a location in Noida in India. If you have seen Corporate Office , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Corporate Office is important to us. Please provide you comment / review / article on Corporate Office in Noida below.
Aryan Corporate Solutions Pvt. Ltd.
Aryan Corporate Solutions Pvt. Ltd. is a location in noida in India. If you have seen Aryan Corporate Solutions Pvt. Ltd. , then write us a review comment or your experience about this site in noida. This site is to provide information to visitors to this place. Your comment about Aryan Corporate Solutions Pvt. Ltd. is important to us. Please provide you comment / review / article on Aryan Corporate Solutions Pvt. Ltd. in noida below.
Corporate Residency A11 Sec27
Corporate Residency A11 Sec27 is a location in Noida in India. If you have seen Corporate Residency A11 Sec27 , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Corporate Residency A11 Sec27 is important to us. Please provide you comment / review / article on Corporate Residency A11 Sec27 in Noida below.
HCL TECH Corporate office
HCL TECH Corporate office is a location in Noida in India. If you have seen HCL TECH Corporate office , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about HCL TECH Corporate office is important to us. Please provide you comment / review / article on HCL TECH Corporate office in Noida below.
Net4India Ltd Corporate Office
Net4India Ltd Corporate Office is a location in Noida in India. If you have seen Net4India Ltd Corporate Office , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Net4India Ltd Corporate Office is important to us. Please provide you comment / review / article on Net4India Ltd Corporate Office in Noida below.
Slender lead for Mukesh
NOIDA: A day after equalling the course record, Mukesh Kumar found his putts go ing haywire and just about managed to hang on to the lead by one stroke, after the second round in the Rs. 10 lakhs ONGC-Noida Open golf tournament at the Noida Golf course here on Wednesday. Mukesh, who fired 63 on Tuesday, returned one-under 71 to cling on to his lead ahead of S.S.P. Chowrasia. Mukesh had a two-round aggregate of 10-under 134, while Chowrasia inched closer with the best round of the day at 66. Uttam Singh Mundy was third at 136 going into the
Mirza International Ltd Corporate Office
Mirza International Ltd Corporate Office is a location in Noida in India. If you have seen Mirza International Ltd Corporate Office , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Mirza International Ltd Corporate Office is important to us. Please provide you comment / review / article on Mirza International Ltd Corporate Office in Noida below.