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DLF to sell 40% Cyber City stake

DLF to sell 40% Cyber City stake

Thursday, March 2, 2017, 11:37 AM

Promoter of realty giant DLF, K P Singh and his family have planned to sell their entire 40% equity in their flagship company in the commercial space DLF Cyber City Developers (DCCDL), to Singapore-headquartered private equity firm GIC. The real estate major is expected to use the money to retire a part of its debt of 24,397 crores as on December 31, 2017.
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