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DLF Cyber City Developers picks 51.8% stake in Fairleaf Real Estate


DLF Cyber City Developers picks 51.8% stake in Fairleaf Real Estate
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IANS
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Published on
​ Thu, Feb 18 2021 20:36 IST
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New Delhi, Feb 18 : DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF Ltd, has completed the acquisition of 51.8 per cent stake in Fairleaf Real Estate Private Ltd for Rs 779.40 crore.
Consequent to the transaction, Fairleaf has become a wholly-owned subsidiary of DCCDL, DLF said in a regulatory filing on Thursday.
We would now like to inform that DCCDL has completed the acquisition of this 51.8 per cent stake at a consideration of Rs 779.40 crore and consequently, Fairleaf has become a wholly-owned subsidiary of DCCDL with effect from today i.e. 18th February 2021, it said. ....

New Delhi , Fairleaf Real Estate Private Ltd For Rs , Horizon Centre , Cyber City Developers Ltd , City Developers Ltd , Fairleaf Real Estate Private Ltd , Securities Purchase Agreement , One Horizon Centre , புதியது டெல்ஹி , அடிவானம் மையம் , சைபர் நகரம் டெவலப்பர்கள் லிமிடெட் , நகரம் டெவலப்பர்கள் லிமிடெட் , ஒன்று அடிவானம் மையம் ,

DLF rental arm acquires 'One Horizon Centre' building in Gurugram for ₹780 cr


DLF rental arm acquires One Horizon Centre building in Gurugram for ₹780 cr
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The DCCDL exercised the first right of refusal to acquire Hines stake
Hines had nearly 52 per cent stake in the One Horizon Centre while the rest was with the DCCDL
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New Delhi: Realty major DLF s rental arm DCCDL has completed the acquisition of the entire 52 per cent stake of US-based Hines in a premium commercial project in Gurugram for ₹780 crore.
In December, DLF had informed that its joint venture firm DLF Cyber City Developers Ltd (DCCDL) entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf Real Estate, which owns and operates One Horizon Center . DCCDL has completed the acquisition of this 51.8 per cent stake at a consideration of ₹779.40 crore and consequently Fairleaf has become a wholly-owned subsidiary of DCCDL with effect from today i.e. February 18, 2021 , ....

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