DLF sold 49% Stake in Projects to Merrill Lynch

Total value of this deal is Rs1,675 cr. Merrill Lynch picked up stakes in seven projects in Chennai, Bangalore, Kochi, Indore for Rs1,481 cr. In a separate transaction, DLF diluted 49 per cent equity in another middle-income housing project at Panchkula in Haryana to Brahma Investments for Rs 194 crore.

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