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DLF Cyber City Developers picks 51.8% stake in Fairleaf Real Estate

DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF Ltd, has completed the acquisition of 51.8 per cent stake in Fairleaf Real Estate Private Ltd for Rs 779.40 crore

DLF

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  19 Feb 2021 4:41 AM GMT

NEW DELHI: DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF Ltd, has completed the acquisition of 51.8 per cent stake in Fairleaf Real Estate Private Ltd for Rs 779.40 crore. Consequent to the transaction, Fairleaf has become a wholly-owned subsidiary of DCCDL, DLF said in a regulatory filing on Thursday.

"We would now like to inform that DCCDL has completed the acquisition of this 51.8 per cent stake at a consideration of Rs 779.40 crore and consequently, Fairleaf has become a wholly-owned subsidiary of DCCDL with effect from today i.e. 18th February 2021," it said. (IANS)

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