DLF to sell 50% stake in 4 projects to PE firms for Rs 3,000 crore

Realty major DLF plans to divest around 50 per cent stake each in four new housing projects to private equity firms for over Rs 3,000 crore, a senior company official said today.

India's largest real estate firm expects to close some of the deals by June and would utilise the funds to improve its cash-flows that have been affected due to slowdown in housing demand.

"We are looking for private equity in 4 greenfield housing projects in Delhi-NCR and South India," DLF Chief F .. 

Read full story: DLF to sell 50% stake in 4 projects to PE firms for Rs 3,000 crore