DLF Limited acquires DLF Urban for Rs 496.73-crore in strategic investment through its wholly-owned subsidiary, DLF Home Developers Limited (DHDL). The company announced that the acquisition follows the purchase of a 49.997 per cent stake from Reco Greens Pte Limited.
Following this, the holding of DHDL in the share capital of DUPL has increased from 50.003 per cent to 100 per cent. “Consequently, DUPL has become a wholly-owned subsidiary of DHDL and, therefore, of the company,” the company said.
“…we wish to inform you that as a strategic investment decision, DLF Home Developers Limited (DHDL/Buyer), a material wholly-owned subsidiary of DLF Limited (Company), has acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte. Limited (‘Reco’/ ‘Seller’) in DLF Urban Private Limited (DUPL), a subsidiary of DHDL…,” the company said in a regulatory filing on March 25.
Following the above acquisition, the holding of DHDL in the share capital of DUPL has increased from 50.003 per cent to 100 per cent. “Consequently, DUPL has become a wholly-owned subsidiary of DHDL and, therefore, of the company,” the company said.
The company announced the acquisition through a securities purchase agreement (SPA) on March 25, 2025. It involved the purchase of 46.39 lakh equity shares and 3.2 crore Series D compulsorily convertible debentures (CCDs). Price Waterhouse & Co LLP, Jain Jindal & Co, and Samarth Valuation Advisory LLP valued the transaction.
DUPL is primarily involved in constructing, developing, and selling integrated townships, residential homes, and apartments. Operating in the real estate sector, DUPL has developed the luxury residential project, One Midtown, located in the Kirti Nagar area of West Delhi.
This strategic acquisition strengthens DLF’s foothold in the real estate market, particularly in luxury residential development, positioning the company for further growth and expansion in the sector.
