India's largerst real estate developer DLF Ltd is talking to Mumbai based Oberoi Realty for its 17.5 acre NTC (National Textile Corporation) mill land in central Mumbai.
Main sources said,'' Negotiations are in final stages. Oberoi Realty has pitched in with a valuation of Rs 2,400 crore and might have a tie up with a PE player to buy the NTC mill land. However, DLF is bent on driving a hard bargain and push for a higher valuation at Rs 3,000 crore."
The DLF's debt stands at Rs 21,000 crore. DLF is looking to sell assets in various parts of the country to pay off high cost debt. and its options are limited.
Main sources said,'' Negotiations are in final stages. Oberoi Realty has pitched in with a valuation of Rs 2,400 crore and might have a tie up with a PE player to buy the NTC mill land. However, DLF is bent on driving a hard bargain and push for a higher valuation at Rs 3,000 crore."
The DLF's debt stands at Rs 21,000 crore. DLF is looking to sell assets in various parts of the country to pay off high cost debt. and its options are limited.
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