 "DLF seals JV deal with GIC post Rs 8,900-cr stake sale by promoters")
Realty major DLF on Sunday said it has entered into a joint venture (JV) with GIC to build rental assets in India after its promoters sold 33.34 per cent stake in the rental arm to the Singapore sovereign wealth fund for Rs 8,900 crore.
In the biggest deal in the Indian real estate sector, DLF promoters on Friday decided to sell their entire 40 per cent stake in a rental arm DLF Cyber City Developers (DCCDL) for Rs 11,900 crore that included the stake sale to GIC as well as buyback of shares by DCCDL.
With this deal, DLF stake in the DCCDL
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