India, March 26 -- DLF has acquired a 49.99% stake in its subsidiary, DLF Urban Private Limited, from Singapore's Reco Greens for Rs 497 crore.
Following this transaction, DLF now holds full ownership of DLF Urban, which has developed a luxury residential project in the national capital. Reco Greens is affiliated with Singapore's sovereign wealth fund GIC.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....