Indian realty major DLF Cyber City's arm buys Fairleaf Real Estate for $107m

Photo: Pradeep Gaur/Mint

Real estate major DLF Group’s rental arm DLF Cyber City Developers Limited (DCCDL) has acquired 51.8% stake in Fairleaf Real Estate Pvt Ltd for 780 crore, the company said on Thursday.

“We would now like to inform that DCCDL has completed the acquisition of this 51.8% stake at a consideration of 779.40 crore and consequently Fairleaf has become a wholly-owned subsidiary of DCCDL with effect from today i.e. 18th February 2021,” a statement issued by the company read.

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