Page 12 - Dlf

DLF in talks with global entities in co-work segment

Aims to lease 100,000-sq ft commercial space in Delhi and Chennai to start-ups

DLF to complete third phase of IT- SEZ in Chennai, handover starts in Sept

Celebrates10th year anniversary by adding 1.6 mln sq. ft (Phase III)to South India's largest and most preferred business districtReal Estate developer DLF has announced that the third Phase of its IT SEZ DLF Cybercity Chennai is expected to start handing over of office space from September this year and to complete construction of the entire phase in an year from then. The company expects a total number of 70 corporate firms to occupy the space once the phase, which the last phase of the project, is complated.Amit Grover, director, DLF Offices said that the construction works for the three-block phase has already commenced and it would invest around Rs 500 crore developing the total of 1.6 million square feet."We are very delighted that DLF today provides infrastructure, operational excellence & experience for its 55 Global and Indian companies operating their software, R&D, Design and BPO Centers and 65,000 tenant associates. It is also part of the success story to help our ..

DLF completes restructuring of JVs with Blackstone-led Ridgewood Holdings

Realty major DLF today said it has completed the restructuring of its joint ventures with global investment firm Blackstone-managed Ridgewood Holdings, which had invested Rs 1,481 crore in seven housing projects in 2007. DLF's subsidiary DLF Home Developers Ltd (DHDL) had diluted 49 per cent stake in these seven residential projects located in Chennai, Bengaluru, Kochi and Indore to a Merrill Lynch & Co entity Ridgewood Holdings, now managed by Blackstone. The country's largest realty firm had in July last year announced restructuring of its joint venture looking at the market scenario and to concentrate on select projects in certain micro markets. It was jointly decided with the investor to realign the current shareholding arrangement in the JV companies in order to maintain continued focus on future development of various projects. "Consequently, with the realignment of the current shareholding in the JV companies, DHDL ceases to hold any stake in DLF Southern Homes Pvt Ltd .

DLF deal delay has Street worried as debt clock ticks

DLF stocks tanks 8% on promoters plan to sell 40% stake in rental arm

How the DLF deal tilted towards GIC

GIC and Blackstone were neck-and-neck for acquiring DLF promoters' 40% stake in their rental arm

DLF tanks 8% on promoters plan to sell 40% stake in rental arm

DLF's scrip today plunged over 8 per cent following reports that its promoters will enter into an exclusive pact with Singapore's GIC to sell their 40 per cent stake in the company's rental arm, DCCDL Ltd, for an estimated Rs 13,000 crore. The stock tanked 8.11 per cent to end at Rs 141.10 on BSE. Intra-day, it slipped 9.15 per cent to Rs 139.50. At NSE, shares of the company tumbled 8 per cent to close at Rs 140.90. The company's market valuation too fell by Rs 2,220.85 crore to Rs 25,172.15 crore. On the volume front, 30.69 lakh shares of the company were traded on BSE and over two crore shares changed hands at NSE during the day. "Shares of DLF corrected by 9.2 per cent intraday over the bourses after the company's promoters decided to offload 40 per cent equity in the retail arm DLF Cyber City Developers to Singapore based private equity firm - GIC," said Achin Goel, Head: Wealth Management & Financial Planning, Bonanza Portfolio Ltd. The audit .

DLF sheds 3% after it plans to sell 40% stake in rental arm to GIC

On the volume front, nearly 6 lakh shares exchanged hands on the counter on BSE

DLF to sell 40% stake in rental arm to GIC

Singapore-based equity firm beats Blackstone to buy 40% of DCCDL

DLF profit down 46% in December quarter

DLF said sales would continue to be muted for some quarters

DLF net debt up 5.43% to Rs 24,397 cr on lower sales

Cash flows were hit due to fall in housing sales amid negative sentiment in property market post note ban

DLF net profit plummets 46% to Rs 98 cr

Total income fell to Rs 2,178 crore, against Rs 3,110 crore in the year-ago period

DLF Noida mall in CBRE list of 22 best global retail projects

In April last year, DLF formally opened its 2 million sq ft shopping mall in Noida

Rental sales will be the key trigger for realty major DLF

Residential sales likely to be muted in the near term given demonetisation and deferment in purchases

CCI dismisses complaint against DLF

The complaint was filed by three individuals who had booked one residential flat in each of the two residential projects

Stake sale in DLF arm to be a close contest between GIC & Blackstone

The difference in bids is Rs 400 crore-500 crore

DLF to invest Rs 500 cr on developing IT park in Chennai

The company has an IT SEZ in Chennai, comprising 5.7 million sq ft of area

DLF exits cinema biz, sells 7 screens to Cinepolis for Rs 64 crore

DLF had in May entered into an amended agreement to sell its 32 screens of DT cinemas to PVR at revised rate of Rs 433 crore

DLF close to 40% stake sale in rental assets arm

The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence

DLF net profit doubles to Rs 261 cr

Income from operations dips 22% to Rs 1,867 cr

DLF plans to raise up to Rs 2,500 crore via NCDs

The money raised will be utilised to reduce debt; DLF had a net debt of Rs 22,202 crore at the end of the last fiscal