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DLF ON A MERGING SPREE WITH DAL

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DLF limited, the official sponsor of Indian Premier League, is all set to merge with DAL assets limited, which according to www.propertykhazana.com is a company which is held by Kushal Pal Singh and Rajeev Singh, and the plan is to make DAL a ancillary entity under DLF. At present DAL is a different company.
The second plan involves listing of DAL in the Singapore real estate market next year. DLF is likely to 2,800 Crores of funds from DAL into the equity and also would like to ink the deal. DAL, on the other hand, would take a controlling share in the existence. According to the sources in www.propertykhazana.com, making the DAL, a subordinate of DLF, would boost the income of DLF. It will boost the financial reserves of DLF.
DAL, at present has approximately 7 million square feet of the commercial area which will help to obtain the lease. In the coming twelve months, it will have 8 million square feet of assets which are leasable. It is also expected to have 13 million square feet in the next three years. DLF has the committee and has appointed experts from Ernst and Young, Citibank, and Grant Thornton to the deal which is in the pipeline. DLF is under huge debts and financial loses. Hence this is only the escape route. This is the only solution in the commercial property sector. For more updates, please visit www.propertykhazana.com.
Source: NBTVLIVE

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