DLF to invest Rs 5,000 cr in new commercial project in Chennai; company eyes to expand rent-yielding property portfolio
Tamil Nadu Chief Minister Edappadi Palaniswami laid the foundation stone of 'DLF Downtown' at Taramani in Chennai.
DLF holds a 67 percent stake in DCCDL, while Singapore's sovereign wealth fund GIC holds 33 percent
According to an investors presentation, DLF's net debt has come down "from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19".
DLF launched its qualified institutional placement (QIP) offering up to 17.3 crore shares to investors
DLF launches QIP to raise over Rs 3,000 cr with an aim to become debt-free company; shares down 3.49%
According to a regulatory filing, DLF has launched its QIP on Monday and the floor price has been fixed at Rs 193.01 per equity share.
DLF Q2 profit jumps 26-fold to Rs 375 cr; Company to form joint venture with Hines' fund for commercial project
The board, at its meeting held Thursday, evaluated the company's proposal to transfer properties worth Rs 6,500 crore to DLF Cyber City Developers Ltd (DCCDL) to settle its dues
Realty major DLF's promoters have concluded the sale of 33.34 percent stake in rental arm to Singapore's sovereign wealth fund GIC for nearly Rs 9,000 crore
Move in line with the strategy to structure ownership of existing assets in order to facilitate potential monetisation either through REITs or otherwise in future