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DLF to sell three big-ticket non-core businesses

16 Jul 2012 Evaluate

DLF, India’s largest real estate developer, is planning to sell at least two out of its three big-ticket non-core business by the year end to cut debt. The company has decided to reduce its Rs 23,000 crore debt to about Rs 17,000 crore in this fiscal.

The company aims to raise Rs 6,500 crore from sale of non-core assets this fiscal, of which Rs 5,000 crore will be utilized to repay debt and the rest will be used for capital expenditure. It has put its luxury hospitality chain Amanresorts, wind energy and a huge land holding in Mumbai on the block as part of its plans to exit from non-core ventures and focus only on the property business.

DLF Share Price

601.80 12.10 (2.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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