DLF is planning to divest around 50% stake each in four new housing projects to private equity firms for over Rs 3,000 crore. India’s largest real estate firm expects to close some of the deals by June and would utilise the funds to improve its cash flows that have been affected due to slowdown in housing demand.
In this regard, the realty major is in discussions with few private equity players have started but declined to disclose their names. Moreover, the company will use the fund to augment the operating cash flow of its development arm DevCo.
DLF has divided its real estate business in two parts - DevCo, under which all residential projects fall and RentCo, which is the rental business from office and retail projects.
| Company Name | CMP |
|---|---|
| Lodha Developers | 860.35 |
| Dilip Buildcon | 459.35 |
| DLF | 597.35 |
| Oberoi Realty | 1699.40 |
| Ahluwalia Contract(I | 843.80 |
| View more.. | |
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