
Singapore’s GIC favours IPO route for commercial JV with DLF
Real estate developer DLF Ltd and Singapore wealth fund GIC are exploring an initial public offer for their joint venture DLF Cyber City Developers Ltd (DCCDL), rather than floating a real estate investment trust, where regulations are more restrictive, sources said. The joint venture, DCCDL, in which DLF holds the majority 66.67 per cent stake, is...
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