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The realty major on Thursday announced that its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of 51.8% stake in Fairleaf Real Estate for Rs 779.40 crore.Consequently, Fairleaf has become a wholly owned subsidiary of DCCDL. DCCDL had in December 2020 entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf, which owns and operates One Horizon Centre, Gurugram. One Horizon Centre is an asset forming part of a larger mixed-use development located in DLF 5, Gurugram. The leasable area of the property is approximately 8,13,000 square feet offering high-end Grade A office spaces along with complementary retail space. ....
Ambuja Cements reported 23.64% rise in consolidated net profit to Rs 732 crore on 5.55% rise in net sales to Rs 7350 crore in Q4 December 2020 over Q4 December 2019. The board of directors of ACC has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements (ACL) for a period of 3 years w.e.f. May 02, 2021, on the same terms of the existing MSA Agreement. DLF said its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of this 51.8% stake at a consideration of Rs 779.40 crore and consequently Fairleaf has become a wholly owned subsidiary of DCCDL with effect from 18th February 2021. ....
Domestic indices declined for fourth consecutive session on Friday. Rising COVID-19 case and mixed global cues triggered profit selling in domestic shares. The Nifty ended below the 15,000 mark. Banks, metals and pharma shares tumbled. As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 434.93 points or 0.85% at 50,889.44. The Nifty 50 index lost 137.2 points or 0.91% at 14,981.65. Selling was broad based. The S&P BSE Mid-Cap index slipped 1.48% while the S&P BSE Small-Cap index fell 0.56%. Sellers outnumbered buyers. On the BSE, 1,206 shares rose and 1,750 shares fell. A total of 175 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 903.07 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,217.34 crore in the Indian equity market on 18 February 2021, provisional data showed. ....
Indices bounce back; auto stocks decline business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
DLF Cyber City completes acquisition of 51.8% stake in Fairleaf Real Estate business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.