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Besides slow down DLF rises at stake

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After the balance sheet of the last quarter the realty giant DLF has witnessed a rise of around 6.4 percent even after the speculation of slow realty which made the group for further acquisition of around 5 percent stake. This will in turn help the company to pull out Rs 2000 crore for making the debt clear from their lenders, said the reported source at www.propertykhazana.com.
Confidential source as reported on www.propertykhazana.com also reveals that the company was estimating a cumulative around 13 percent, but it was stocked near 6 percent. The subsidiary of DLF - DAL is the same promoter family of DLF mainly concentrates on IT ventures of DLF and deals with the other IT assets from the varied realty developers. However DAL has a credit of Rs 4903 crore to the DLF and for the same instance an independent committee has been appointed for the evaluation.
On the other hand lately it was also known that parent DLF has made some restriction to its other arm DAL. Vice chairman of the company has stated that after the last meet the company might account Rs 2000 crore from DAL which is mutually owned by both DE Shaw – a private equity fund and Symphony Capital of London. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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