| Indian realty major DLF Ltd on Monday said it has received approval from the Competition Commission of India for a joint-venture with Singapore's sovereign wealth fund GIC, which is investing close to Rs.1,990 crore in two projects in Delhi. "DLF Home Developers Ltd (DHDL), a wholly-owned subsidiary of DLF Ltd and GIC, Singapore's sovereign wealth fund, have signed an agreement to enter into a joint venture to invest in two upcoming projects located in central Delhi," the company said in a regulatory filing with the Bombay Stock Exchange.
The statement said GIC would invest a sum of approximately Rs.1,990 crore in the two projects, subject to meeting all statutory requirements and conditions precedents which are customary, prior to the closing..............................................Full Article: Source
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