Rajdhani Investments & Agencies, a part of the promoter group of DLF, has proposed to acquire up to 1,00,00,000 equity shares constituting 0.56% of the total paid up equity share capital of DLF from Rajiv Singh, a promoter of DLF on or before April 20, 2018, being an inter-se transfer of shares between members of the promoter group/persons acting in concert.
The said acquisition of equity shares is being undertaken by entities forming part of the promoter/promoter group of DLF and are persons acting in concert, and accordingly, post acquisition, the promoter/promoter group shareholding will remain unchanged.
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.
