DLF’s promoters are likely to enter into an agreement this month with Singapore’s sovereign wealth fund GIC to sell their 40% stake in the rental arm in a deal estimated at around Rs 13,000 crore. In October 2015, DLF had announced that its promoters would sell their entire stake in the DLF Cyber City Developers (DCCDL), which holds the bulk of the commercial assets of the group.
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.
