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DLF, Blackstone restructure seven residential projects' JV shareholding

23 Mar 2017 Evaluate

DLF, one of the largest commercial developers in the country, has completed the restructuring of its joint ventures with global investment firm Blackstone-managed Ridgewood Holdings, which had invested Rs 1,481 crore in seven housing projects in 2007. Blackstone had inherited BofA Merrill Lynch's India portfolio including its investment in DLF's seven housing projects through four subsidiaries. DLF Home Developers (DHDL), a subsidiary of DLF had diluted 49% stake in these seven residential projects in Chennai, Bengaluru, Kochi and Indore to a Merrill Lynch & Co entity, now managed by Blackstone.  The developer and the investor had jointly decided to realign the current shareholding arrangement in these joint venture companies in order to maintain continued focus on future development of various projects.

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.

DLF Share Price

568.40 -1.20 (-0.21%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 820.90
Dilip Buildcon 437.70
DLF 568.40
Oberoi Realty 1685.35
Ahluwalia Contract(I 784.50
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