The Focus is on DLF Shares Following their Rs 497 Crore Acquisition of DUPL
On Tuesday, March 25, real estate giant DLF Limited said that DLF Home Developers Limited (DHDL), a wholly-owned company, has paid Reco Greens Pte Limited ₹496.73 crore to purchase the remaining 49.997% of DLF Urban Private Limited (DUPL), converting DUPL into a wholly-owned subsidiary.
In a regulatory filing, DLF stated that it had made a strategic investment decision by purchasing 49.997% of the total paid-up equity share capital and mandatory convertible debentures held by Reco Greens Pte and limited (‘Reco’) in DLF Urban Private Limited (DUPL), a subsidiary of DHDL. DLF Home Developers Limited (DHDL), a material wholly-owned subsidiary of DLF Limited (Company), made the purchase.
46.39 lakh equity shares and 3.2 crore Series D compulsorily convertible debentures (CCDs) were purchased as part of the transaction, which was carried out on March 25, 2025, through a securities purchase agreement (SPA). Price Waterhouse & Co LLP, Jain Jindal & Co, and Samarth Valuation Advisory LLP provided the values that served as the foundation for the deal. DUPL is a real estate company that created the upscale One Midtown apartment development.
DLF said last week that it will invest over ₹20,000 crore over the next several years to finish building the residential projects it has already started. DLF will produce around ₹43,000 crore from the initiated projects in excess cash potential.
With a potential income of almost ₹35,000 crores, the ultra-luxury project ‘The Dahlias’ is one of the several home projects tLF has started Recently
After the December quarter, the company’s cash position was ₹9,000 crore, while DLF also said that the customers’ receivables from the sale of housing units were ₹30,000 crore. Around ₹24,000 crore is the expected cash excess from goods that were introduced but not sold till the December quarter of this fiscal year.
In the medium term (five years), DLF intends to invest around ₹20,000 crore in the rental market to create commercial assets, such as office and retail spaces.
