AZB, SAM lead on GIC acquisition of stake in DLF Cyber City for 8,900 crore

AZB, SAM lead on GIC acquisition of stake in DLF Cyber City for 8,900 crore

In the biggest foreign direct investment deal ever in India’s real estate space, Singapore sovereign wealth fund GIC is acquiring a 33.34% stake in developer DLF’s rental arm DLF Cyber City Developers (DCCDL) for $1.39 billion ( Rs 8,900 crore).

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