India: DLF begins stake sale of rental assets arm DLF CyberCity

India: DLF begins stake sale of rental assets arm DLF CyberCity

Photo: Pradeep Gaur/Mint

DLF Ltd, India’s most valuable property developer, has sought expressions of interest from several top global investors to sell a 40% stake in its rental assets arm as it seeks to pare debt. The rental assets arm holds about 20 million sq.ft of leased-out office space and is valued at about $2 billion, a top company executive said.

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