DLF, one of the largest commercial developers in the country, is reportedly in talks with GIC for a 40% stake sale in its rental commercial property arm, DLF Cyber City. The meeting of the company’s audit committee is scheduled to take place on March 01 and the board is likely to submit a detailed plan on the execution of the stake sale.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market and it has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation.
