StanChart invests $825 mn in DLF Assets
DLF can be the largest real estate developer in the country but its privately held subsidiary DLF Assets is hungry for cash. DLF Assets buys commercial and office property from its parent, the listed entity DLF Universal, and in return pays them for it. But the income from rentals is not enough and no wonder it is raising money from all sources including private equity, a $2 billion IPO, in Singapore.
