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India: CCI clears US$1.4b DLF deal

By  |  November 5, 2017
The Competition Commission of India announced on Saturday, November 4, that it  has approved Singapore’s sovereign wealth fund GIC’s bid to acquire a stake in a firm owned by DLF, the country’s biggest real estate developer, for 89 billion rupees (US$1.4 billion).
A sale was talked about in 2015 when DLF announced that three of the shareholders in DLF Cyber City Developers would look to sell their stake to reduce conflicts of interest.
Full Content: Arab News

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