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India: DLF ropes in Morgan Stanley, KPMG as advisors to Reit

India: DLF ropes in Morgan Stanley, KPMG as advisors to Reit Photo: Pradeep Gaur/Mint January 31, 2021 The rental arm of DLF Ltd, India’s largest real estate firm, has appointed consultants as it prepares for a real estate investment trust, that could provide a significant leg-up to the country’s emerging Reit market. It has appointed Morgan Stanley as banker, Shardul Amarchand Mangaldas & Co as legal advisor and KPMG as financial and tax advisor, the firm said in an analyst presentation. Deliberations are on regarding the proposed Reit’s corporate and capital structure as well as asset perimeters, the firm said.

DLF rental arm prepares for REIT launch; ropes in consultants

DLF rental arm prepares for REIT launch; ropes in consultants DLF s whole-time director Ashok Tyagi said the consultants have been appointed to restructure the business and be ready to launch the REIT whenever the two shareholders decide PTI | January 30, 2021 | Updated 19:39 IST DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore sovereign wealth firm GIC Realty major DLF s rental arm DCCDL on Friday said it has appointed consultants, including banker, tax advisor and law firm, to prepare itself for the launch of its Real Estate Investment Trust (REIT) but the timing of the public issue will be decided by its shareholders. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore sovereign wealth firm GIC. While DLF holds 66.67 percent stake in the JV, the GIC has 33.33 percent shareholding.

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