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| Exchange Disseminated Time 20/07/2016 08:16:34 | DLF Ltd has informed BSE that:
"Further to press release dated November 19, 2007, whereby as a part of strategic objectives, the Company through its wholly-owned subsidiary DLF Home Developers Limited entered into joint venture agreements with Ridgewood Holdings Limited (“Investor”, which term shall include its affiliates who acquired shares in accordance with the terms of the definitive documents) for development of seven residential projects in the cities of Bangalore, Chennai, Kochi and Indore.
Given the current strategy coupled with market conditions, DLF is currently focused on select projects in certain micro markets. Accordingly, it has been jointly decided by DLF and the Investor to realign the current shareholding arrangement in the JV companies in order to maintain continued focus of future development of various projects." |
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