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India's largest realty firm DLF Thursday sold its shopping mall at Saket in the national capital to its wholly-owned subsidiary for Rs 904.5 crore as part of its strategy to consolidate and monetise the rental assets.
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India's largest realty firm DLF Monday said it has got fair trade regulator CCI's approval for the joint venture with Singapore's sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects here.
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India's largest realty firm DLF Tuesday reported 21 percent rise in consolidated net profit at Rs 131.50 crore for the quarter ended September mainly on lower expenses.
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Realty major DLF Ltd has sold four acres of land in Kochi for Rs 111 crore as part of its plan to sell non-core assets to boost cash flows and reduce debt.
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Shares of realty firm DLF Ltd on Friday zoomed over 18 percent, adding Rs 3,721.6 crore to its market valuation, after the company saw an increase in total income in the April-June quarter.
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India's largest realty firm DLF's net debt rose by Rs 628 crore during the fourth quarter ended March 31 to Rs 20,965 crore, while its sales bookings fell by over 5 percent for the entire fiscal.
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DLF Ltd, India`s biggest listed property developer, posted a 22 percent slide in quarterly net profit amid a market slump due to high interest rates and weaker economic growth, and said it may take at least 12 months for sales momentum to improve.
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Countering DLF's claim that it was being single out for CCI's action, a top official of the fair trade regulator Wednesday said the realty giant was the only major player in Gurgaon and only a dominant player can abuse the market.
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Realty major DLF plans to sell 'DT Cinemas' and is in talks with potential buyers including PVR Ltd, as part of its strategy to exit non-core businesses and cut huge debt of over Rs 20,000 crore.
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Paring initial losses, DLF stock ended nearly 4 percent higher after the company, which has been slapped with a huge penalty for "fraudulent and unfair trade practices", said it will challenge the SEBI order.
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Realty firm DLF Ltd today said it had taken all the required approvals for the development of housing project at Kochi and would take appropriate measures after reading the full order of Kerala High Court.
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India's largest realty firm DLF on Friday approached the Securities Appellate Tribunal (SAT) to challenge a Sebi order barring it and top executives from capital markets for three years.
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DLF raised Rs 240 crore in the first quarter of 2014-15 fiscal through sale of non-core assets.






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