Thu, 25 Jul, 2013
DLF Ltd. sells its 74% equity stake in its Insurance JV
DLF Ltd. sells its 74% equity stake in its Insurance JV

New Delhi, 25 July: DLF Ltd today signed definitive agreements to sell its 74% equity stake in its the Life Insurance Joint Venture - DLF Pramerica Life Insurance Company Ltd, a joint venture with Prudential International Insurance Holdings Ltd ("PIIHL"), a subsidiary of Prudential Financial, Inc USA "PFI" to Dewan Housing Finance Corporation Ltd ("DHFL") & its group entities. As these agreements are   subject to regulatory approvals, hence the transaction consideration shall be disclosed post receipt of all such approvals.

Mr Ashok Tyagi, Group CFO, DLF Ltd said: "This transaction is in line with our ongoing strategy to divest non-core businesses/ assets. We have had a very cordial relationship with PIIHL and wish them the best in their new partnership with DHFL."

About DLF Ltd
More Information on DLF Ltd is available on its website www.dlf.in

For further information, please contact:

Sanjey Roy
Sr. Vice President
Corporate Communications
DLF Ltd., Sansad Marg
New Delhi - 110 001
M. No. 9312069104 | Tel No. 011-42102111


distributed by