15.07.2009 - India's DLF sells non-core assets to raise funds for reducing debt
From Livemint.com: India’s largest developer by market value, DLF Ltd, has raised Rs1,000 crore ($803 million) through the sale of hotel plots and will raise another Rs1,900 crore ($396 million) by the end of this fiscal year through the sale of more such plots and its wind power business, a senior executive said. The company has sold hotel plots in Vadodara, Mumbai and Gurgaon, said Rajiv Talwar, group executive director of DLF, on the sidelines of a conference organized by industry lobby Confederation of Indian Industry.......Full Article: Source
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