DLF Limited, India’s largest real estate company, today announced that the company along with its joint venture partner Hubtown Limited have sold 100% of their shareholding in DLF Ackruti Info Parks ( Pune) Limited for Rs. 810 crores.
The stake is being sold to an entity controlled by real estate fund affiliated with the private equity major Blackstone. DLF and Hub town held 67% and 33% equity shares respectively in DLF Ackruti Info Park. ‘DLF Ackruti’ owned a notified IT/ITES SEZ located in Pune, Maharashtra.
“The above transaction is in line with the DLF’s continuing objective of divesting its non-strategic assets,” said the DLF spokesperson.