DLF, India’s largest realty firm, on Monday said it has received approval of the Competition Commission of India for the joint venture with Singapore’s sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects here.
The realty firm would use this fund to boost cash flow and reduce debt, which stood at Rs 22,520 crore as of September 30.
DLF had sold in September about 50 per cent stake each in two upcoming projects in the national capital to GIC.
On September 2, DLF had announced that its arm DLF Home Developers and GIC have entered into a joint venture for two upcoming projects located in Central Delhi.
“GIC will invest approximately Rs 1,990 crore.”
Full content: Business Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Allows FTC Antitrust Case Against Amazon to Move Forward
Oct 1, 2024 by
CPI
SAP Leader Urges Caution on EU AI Rules, Warns of Competitive Disadvantage
Oct 1, 2024 by
CPI
Colorado’s Grocery Workers Unite to Oppose $24.6 Billion Supermarket Merge
Oct 1, 2024 by
CPI
Canada’s Competition Bureau Warns Businesses of Tougher Enforcement
Oct 1, 2024 by
CPI
Top Antitrust Lawyers Launch New Boutique Firm
Oct 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh