15.07.2015 - DLF to raise funds via PE, in talks with GIC
Realty major DLF is likely to raise Rs 2,500-3,000 crore by next month via private equity and is in talks with Singapore government's investment arm GIC to sell stake in a new housing project in New Delhi. According to sources, it is in advanced stage of talks with sovereign wealth fund GIC to sell up to 49 per cent stake in the new residential project in the National Capital. The deal is expected to close in the next one month, they added. DLF is planning to launch a new residential project spread over 20-25 acres near Moti Nagar, adjacent to its existing housing project 'Capital Green'. The regulatory approvals are in place to launch this project, comprising about 3,000 apartments, sources said. When contacted, the company spokesperson said: "We do not comment on market speculations."..............................................Full Article: Source
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