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DLF is in talks with leading PE players to raise up to USD 2 billion by selling up to 50% shares in group
Q: Hi! as per the latest news, DLF is in talks with leading PE players to raise up to USD 2 billion by selling up to 50% shares in the holding company of its rent-yielding assets.
Yes, they are talking with the leading private-equity players to raise up to USD 2 billion by selling up to 50% shares to clear its huge 16500 crore debt burden.
Right Jackie, As per CNBC-TV18, the step will be the forerunner to a real estate investment trust listing and they will help the company in his debt burden.