DLF buys 19% stake in Feedback Ventures

DLF has acquired 19% stake in infrastructure development advisory firm Feedback Ventures for about Rs 16.15 crore.

"We have bought a 19% stake in Feedback Ventures for Rs 16.15 crore. The deal values the company at about Rs 85 crore," a DLF official said.

"We purchased the stake as Feedback has good technical consulting manpower for advisory services in infrastructure projects and special economic zones," the official said.

Feedback Ventures, promoted by Vinayak Chatterjee, provides advisory services for projects from conceptualisation to commissioning in sectors like highways, aviation, ports, SEZs, IT Parks, townships, retail and hospitality.