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DLF to raise Rs 2500 crore by sale of luxury hospitality chain and wind energy biz

05 Nov 2012 Evaluate

Largest real estate company, DLF, is planning to raise about Rs 2,500 crore by end of this fiscal from sale of its two non-core businesses, luxury hospitality chain Amanresorts and wind energy business. The sale proceeds would be utilized to trim the net debt of the company, which were at Rs 22,680 crore as on June 30, 2012.

Uptill June 2012, the company raised Rs 5,213 crore from sale of non-core assets. With closure of Mumbai land deal, the proceeds from divestment of such assets have reached nearly Rs 8,000 crore. In August, DLF announced sale of this land parcel to Lodha Developers for about Rs 2,700 crore, almost four times higher than the price it paid for its acquisition in 2005.

 

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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