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DLF plans sale of non-core assets

Sluggish Sales may hit the turnaround plans of DLF

Sluggish Sales may hit the turnaround plans of DLF
Observing the current scenario, it has come to our notice that possibly the DLF will face a turnaround after selling all the units which do not seem important to their business and by nearly meeting their debt reduction target. One thing which still remains a concern is the sluggish and feeble home sales by market [...] Continue Reading »

Real estate majors sell off non-core assets to reduce debt burden

Real estate majors sell off non-core assets to reduce debt burden
There is a trend with the realtors which is visible for the last couple of years. Real Estate sharks like DLF and HDIL are trying to sell off their assets and pay off their debts, increase liquidity and pay less interest on debts. Bangalore-based Puravankara Projects also wants to reduce the debt burden, but by [...] Continue Reading »

DLF to sell off wind power unit

DLF to sell off wind power unit
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »

DLF hoping to mop up 7000 crore in the next two years

DLF hoping to mop up 7000 crore in the next two years
The divestment may gain momentum in the current fiscal with higher indicative realisations for ongoing proposals and expected conclusion on some big-ticket items. DLF plans to sell developed properties to reduce its burgeoning gross debt of 23,990 crore. DLF to sell developed properties to raise 10,000 crore in the next 2-3 years. Last week, the [...] Continue Reading »



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