DLF Limited has successfully acquired the remaining 49.997% stake in DLF Urban Private Limited for ₹496.73 Crore, making it a wholly-owned subsidiary and bolstering DLF's presence in the luxury real estate market.
Information on the Target
DLF Home Developers Limited (DHDL), a fully owned subsidiary of DLF Limited, has acquired a 49.997% stake in DLF Urban Private Limited (DUPL) from Reco Greens Pte Limited. The acquisition amounts to ₹496.73 Crore, thereby making DUPL a wholly-owned subsidiary of DLF. The transaction was executed through a securities purchase agreement (SPA) on March 25, 2025, involving the purchase of 46.39 lakh equity shares and 3.2 Crore Series D compulsorily convertible debentures (CCDs).
DUPL is engaged in the real estate sector and is recognized for its development of luxury residential projects, notably the prestigious One Midtown. The consolidation of this stake enhances DLF's control and strategic positioning in the luxury residential market.
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Industry Overview in India
The real estate industry in India has seen substantial growth over the past few years, driven by higher demand for residential properties, particularly in urban centers. Urbanization has significantly influenced the
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DLF Limited
invested in
DLF Urban Private Limited
in 2025
in a Other Private Equity deal
Disclosed details
Transaction Size: $60M