DLF’s wholly owned subsidiary - DLF Hotel Holdings (DHHL), has acquired additional 26% equity shares of DLF Hotels & Hospitality (DLF Hotels) from Aro Participation and Splendid Property Company, affiliates of Hilton International Company. Pursuant to this acquisition, DLF Hotels has become a wholly owned subsidiary of DHHL.
Prior to acquisition, DHHL was holding 74% equity shares in the joint venture company - DLF Hotels & Hospitality.
Recently, DLF’s wholly owned subsidiary company- DLF Home Developers’ joint venture (JV) company- Galaxy Mercantile- had received the first tranche of capital infusion from IDFC as part of a process for IDFC to acquire 100% stake in the JV Company.
