DLF in talks with PE players to sell 40% rental biz stake

Realty major DLF is in talks with five private equity companies and sovereign funds to divest 40 percent of its rental business, say sources.

The company has spoken to Blackstone, GIC, Canada Pension Plan Investment Board and sovereign funds of Abu Dhabi and Qatar.

The company's stake in its rental arm  DLF Cyber City Developers Limited (DCCDL) is reported to be worth Rs 12,000- 14,000 crore.

The company hopes to infuse the capital back to the company by the end of the fiscal and if it does go through, it could be the largest realty deal in recent times.