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New Delhi [India], June 12 (ANI): Real estate major DLF Group has posted 42 per cent year-on-year growth in its net profit at Rs 481 crore for the January to March quarter. ....
DLF s rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr ANI | Updated: Feb 19, 2021 10:50 IST New Delhi [India], February 19 (ANI): Real estate major DLF Group s rental arm DLF Cyber City Developers Ltd (DCCDL) has acquired 51.8 per cent stake in Fairleaf Real Estate Pvt Ltd for Rs 780 crore. In December last year, DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf. Hines owned and operated One Horizon Centre in Gurugram, an iconic asset forming part of the larger mixed use development located in one of the most sought-after location at DLF 5 in Gurugram with a leasable area of 8.13 lakh square feet, offering high-end grade-A office spaces along with complimentary retail space. ....
Read more about Sensex, Nifty scale record high on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 366.54 points or 0.78% at 47,340.08. The Nifty 50 index was up 106.30 points or 0.77% at ....
Shares of Reliance Industries (RIL) will be in focus. RIL has entered into definitive agreements to acquire the shares held by IMG Singapore Pte. Ltd in IMG-R, for a cash consideration not exceeding Rs 52.08 crore. Post completion of acquisition, IMG-R will become a wholly-owned subsidiary of the company and will be rebranded by the company. IMG Reliance (IMG-R) is a joint venture between IMG Worldwide LLC (IMG) and RIL. IMG Singapore Pte. Ltd., a wholly owned subsidiary of IMG, holds 50% of the share capital of IMG-R. IMG-R is engaged in the business of creation, management, implementation and commercialisation of sporting, fashion and entertainment events in India. ....