IFLR1000

GIC $2 billion acquisition of 40% stake in DLF Cyber City Developers

2/3/2017
Private acquisition
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$ 2 billion

Announced

2/3/2017

Overview:

  • GIC has acquired a 40% stake in DLF Cyber City Developers from DLF.
  • DLF Cyber City Developers is a commercial property development.
  • DLF is one of the largest real estate firms of India by market capitalisation and owns many of the company’s rent-generating assets.
  • GIC is a Singapore private equity firm.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

India

Industry sector:

Real estate

Firm:

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