Sells DT Cinemas (Saket-6 screens & Greater Kailash Part 2-1 screen) for consideration of Rs 63.67 crore
DLF announced that DLF Utilities (DUL), a subsidiary has completed a transaction on 02 September 2016 with Cinepolis India for sale and transfer of remaining seven screens pertaining to DT Cinemas (Saket-6 screens & Greater Kailash Part 2-1 screen) as a going concern on a slump sale basis for a consideration of Rs. 63.67 crore upon receipt of CCI approval.With the closure of this transaction, the Company will exit from the cinema exhibition business. This is in line with the Company's strategy to focus on Company's core business and divest non-core businesses or assets.
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