SC Asia sells DLF stake for $696 million
Private equity investor SC Asia has sold most of its stake in DLF Assets, an Indian real estate management and investment firm, to its parent DLF Ltd., for some $696 million.
DLF now holds a 91.9% stake in the subsidiary, while SC - no relation to Symphony Asia Holdings - retains around 4.59%. DLF made the acquisition in line with a plan to absorb DLF Assets, and may eventually...
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