DLF's plans to buy out DE Shaw's investment in DLF Assets may face hurdles due to a FEMA rule classifying fixed-return equity investments as debt.
DLF Assets raises $450m from Symphony Capital, to partly pay off debt to DLF Ltd.
Citigroup, Merrill Lynch, and DE Shaw are set to invest $500 million in DLF Assets' REIT, which will now be a private trust following a change in plans due to market conditions.
DLF Limited may delay its Singapore IPO for a real estate investment trust, likely opting for a $500 million private placement instead, due to market volatility.
HDIL announced a $250 million investment from DE Shaw in its affiliate Mack Star Marketing for a commercial complex in Andheri amidst a challenging real estate market.