DLF is planning to invest Rs.4,100 crore, including Rs.200 crore for setting up an asset management company.

The firm will be investing Rs.1,550 crore in DLF Limitless Developers and an investment of Rs.200 crore each will be made in the proposed asset management firm and a trustee company. Subject to approval from the concerned Registrar of Companies, the asset management and trustee firms will be named as DLF Pramerica Asset Managers and DLF Pramerica Trustees respectively.

The remainder investments will be made in Shivajimarg Properties (Rs.750 crore), DLF Southern Homes (Rs.750 crore), DLF New Gurgaon Homes Developers (Rs.600 crore), Jai Laxmi Real Estate (Rs.10 crore), Solid Buildcon (Rs.10 crore), Paliwal Real Estate (Rs.10 crore) and Triumph Electronics (Rs.20 crore). Further, DLF will be giving loans up to Rs.8,800 crore to these ten companies.

Also See:

DLF to develop multilevel car parks (08-Dec-07)