DLF’s two joint venture companies - DLF Urban and DLF Midtown have ceased to be subsidiaries of the company subsequent to receipt of funding and issuance of securities. Accordingly, DLF Home Developers (DHDL) owns 49% equity shares in each of the said entities.
The transaction between DHDL, a wholly owned subsidiary of DLF and GIC, Singapore’s sovereign wealth fund to enter into a joint venture to invest in two upcoming projects located in Central Delhi has been completed on December 23, 2015.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
