DLF's rental arm to work on achieving mid-teen growth in Ebidta

Singapore's sovereign fund GIC had bought 33.34% in DCCDL for about Rs 90 billion

DLF Cyber City Developers (DCCDL), the rental arm of leading real estate company DLF, will work on achieving mid-teen growth in Ebidta, company’s chairman KP Singh said in the annual report of 2017-18 financial year. 

“The free cash flow generated from DCCDL annuity income shall be judiciously utilised for capital expenditure, deleveraging and increasing dividend flow to its shareholders,” Singh said.

Singapore’s sovereign fund GIC had bought 33.34 per cent in DCCDL for about Rs 90 billion. DLF has the remaining 66.66 per cent stake in the joint venture (JV) firm DCCDL.  “DLF’s partnership with GIC has positioned your company