IFLR1000

GIC Rs12.98 billion divestment of DLF stake

11/4/2019
Public acquisition, Divestment
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Af 12.98 billion

$ 187.446 million

Completed

11/4/2019

Overview:

  • Sovereign wealth fund GIC has sold 68 million equity shares of commercial real estate developer DLF for Rs12.98 billion in a bulk deal on the NSE.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal types:

Public acquisition
Divestment

Practice areas:

Capital markets
M&A

Industry sector:

Real estate

Firm:
AZB & Partners

Party: GIC (Seller)

Lawyers: Lionel D'Almeida, Varoon Chandra

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