InfrastructureDevelopment Finance Company (IDFC) is in talks to buy the entire stake of thecountry's largest real estate player DLF in an IT park in Noida in UttarPradesh. DLF has 70% stake in a IT park in Noida. The IT Park, Noida is held ina joint venture company through a wholly-owned subsidiary of the company. Thesubsidiary is exploring various strategic options, including the sale of itsholding in the joint venture company. DLF had earlierannounced plans to raise up to Rs 7,000 crore in the next 2-3 years from saleof non-core assets to cut its net debt that stood at whopping Rs 21,524 croreas of June 30, 2011.crackcrack
