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Why the GIC deal may not help DLF break the debt jinx 

Reuters

DLF Ltd, India’s biggest property developer by market value, may not be able to come out of its debt trap anytime soon despite its promoters’ planned stake sale in the company’s rental arm to Singapore sovereign wealth fund GIC Pte Ltd. The developer said on Wednesday it will sign a pact with GIC for the sale of a 40% stake by its founders in DLF Cyber City Developers Ltd. The company didn’t disclose any financial details but the deal value is estimated to be Rs 12,000-14,000 crore. DLF has previously said the amount will be used to cut its debt....

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(DLF)

DLF Ltd. (formerly known as DLF Universal Ltd.) is a real estate development company. It offers residential, commercial and retail construction in Chandigarh, Chennai, Delhi, Gurgaon, Hyderabad, Kolkata, etc. Its projects include multi-story apartments, luxury homes, office spaces, retail spaces, hotels and shopping malls. The company was founded in 1946 and is based in New Delhi, India with an additional office in Gurgaon.

Head office:
New Delhi
Year Founded:
1946
Website:
Management:
Mohit Gujral, Rajeev Talwar
(DLF Cyber City)

DLF Cyber City Developers Ltd. is a real estate company. It offers residential and commercial construction and development of DLF Cyber City in Gurgaon. The firm s residential projects include multi-story apartments and commercial development includes office, retail, industrial, warehousing and hospitality space. The company was incorporated in 2006 and is based in Gurgaon, Haryana. DLF Cyber City Developers Ltd. operates as a subsidiary of DLF Ltd.

Head office:
Gurgaon
Year Founded:
2006
Management:
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