gic deal


DLF plans to sell Rs 15K-cr completed flats in 3-4 yrs

Feb 18 2018

DLF will focus on selling ready-to-move-in flats worth Rs 15,000 cr over next 3-4 yrs and launch new projects for sale only after reaching advanced stage of construction.

DLF Q3 profit soars to Rs 4,091cr on deemed gain from GIC deal

Feb 13 2018

DLF reported a nearly 42-fold rise in its consolidated net profit at Rs 4,091.27 cr for the Dec 2017 quarter, driven by deemed gain from stake sale in rental arm to GIC.

Promoters infuse Rs 9,000 cr in DLF post closure of GIC deal

Dec 29 2017

Realty major DLF said its promoters have infused Rs 9,000 crore in the company and the amount will be utilised to reduce debt significantly.

DLF expects to close GIC deal by Dec;Rs 13k cr infusion by Feb

Nov 11 2017

DLF expects the sale of its promoters' stake in its rental arm to GIC for Rs 8,900 cr to be concluded by Dec and infusion of proceeds into company by Feb 2018.

DLF shares up 6% ahead of board meet to decide on GIC deal

Aug 23 2017

The company's market valuation also rose by Rs 1,909.8 crore to Rs 33,182.80 crore.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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