Page 22 - Dlf

Debt-free status for residential operations positive for DLF

Investors should await timeline for fund infusion and extent of equity dilution

DLF expects Rs 13,000 crore infusion post GIC deal

Post this deal, DLF will have 66.66% stake in the DCCDL and GIC 33.34% stake in the JV

DLF up 7% ahead of audit, board meet on August 25

The committee will consider and review the status of proposed sale of CCPS to a GIC affiliate.

DLF soars 14% on strong June-quarter results

DLF reported a consolidated net profit of Rs 110 crore in June quarter

RERA, GST and market sentiments hit DLF books

Implementation of Rera and GST has continued to elongate the sales cycle

Sebi says DLF restructuring leeway subject to HC nod

Capital market regulator Sebi has said the proposed restructuring among promoter entities in DLF will be exempt from open offer obligation if the deal is approved by the High Court.The real estate developer had sought an 'informal guidance' from Sebi on a restructuring proposal that would a seen promoter group firm Rajdhani Investments & Agencies (applicant) stake go up from 0.01 per cent to 54.08 per cent in DLF."With a view to consolidate the holding and streamline the promoter group companies' structure, it is proposed to merge all the 10 transferor companies into the applicant through a composite scheme of merger with the approval of High Court. There will be no change in total promoter group shareholding of 74.95 per cent in DLF as 54.08 per cent shall be held by the applicant and the remaining 20.87 per cent shares shall continue to be held by other existing promoter group entities," DLF had written to Sebi in a letter dated March 24."The conditions for availing exemption ...

DLF's FY18 rental income to rise 12% at Rs 2,900 cr on better realisations

Unlike housing segment, which is facing a demand slowdown, the commercial real estate is doing well

DLF's FY17 sales booking dips 63% to Rs 1,160 cr due to slowdown in demand

Company said RERA, GST would pose challenges, cause disruption in the short term

DLF to see money flow in from GIC stake sale by October

DLF had in March decided to sell 40% of DCCDL for Rs 13,000 crore to an affiliate of Singapore's GIC

DLF Q4 profit at Rs 136 crore

It had in contrast posted a net loss of Rs 180.54 crore in the same period FY16

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