DLF has secured fair trade regulator CCI's approval for the JV with Singapore's sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects in Delhi. The realty firm will use this fund to boost cash flow and reduce debt, which stood at Rs 22,520 crore as on September 30. DLF had sold about 50 per cent stake each, in two upcoming projects in the national capital to GIC.
Contact: Competition Commission of India.
Tel: 011-2370 4651.