DLF Cyber City Developers completes acquisition of this project for Rs 779 cr

New Delhi: DLF Cyber City Developers Ltd, part of Delhi-based DLF Ltd, has now completed acquisition of about 52 percent stake in Fairleaf Real Estate Pvt Ltd for Rs 779 crore.

As a result, Fairleaf has become wholly owned subsidiary of DLF Cyber City Developers Ltd, the company said in a regulatory filing.

In 2020, DLF Cyber City Developers Ltd had signed ‘Securities Purchase Agreement’ for the acquisition of majority stake in Fairleaf Real Estate, subject to some customary closing adjustments in respect to ‘One Horizon Centre’, a commercial project in DLF-5, Gurugram.

 

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