DLF Limited — JV/Acquisition, 25-03-2025: Acquisition

DLF Home Developers Limited (DHDL), a wholly-owned subsidiary of DLF Limited, has acquired 49.997% of the equity share capital and compulsorily convertible debentures of DLF Urban Private Limited (DUPL) from Reco Greens Pte. Limited. Following this acquisition, DHDL's stake in DUPL rises to 100%, making it a wholly-owned subsidiary. This strategic move aims to enhance DHDL's control over DUPL, which operates in the real estate sector and has developed notable projects like 'One Midtown.' The total consideration for the acquisition was ₹140 per share, reflecting a cash transaction. This consolidation is expected to improve operational efficiencies and strengthen DLF's market position.