DLF’s subsidiary companies, namely, DLF Home Developers and DLF Projects have divested 60% stake in Star Alubuild, a subsidiary at an enterprise value of Rs 79.80 crore. Accordingly, Star Alubuild ceased to be subsidiary of the company. This transaction is part of DLF’s objective of divesting its non core assets.
Star Alubuild specializes in designing, engineering, fabrication and installation of curtain walls for commercial buildings, retail malls and doors & windows for projects throughout India.
DLF, founded by billionaire Kushal Pal Singh, has a land bank of 10,255 acres, the biggest in the real estate sector. At its peak, its debt pile stood at Rs 23,000 crore.
Star Alubuild specializes in designing, engineering, fabrication and installation of curtain walls for commercial buildings, retail malls and doors & windows for projects throughout India.
DLF, founded by billionaire Kushal Pal Singh, has a land bank of 10,255 acres, the biggest in the real estate sector. At its peak, its debt pile stood at Rs 23,000 crore.
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