DLF forms a joint venture with Everstone to invest Rs 3,750 crore
Real estate major DLF has formed a joint venture (JV) with Everstone Group. DLF plans to invest Rs 3,750 crore in the JV, whereby Everstone Group will acquire an economic interest in IREO and other IREO Group companies in India.
DLF and Everstone have entered into a binding and exclusive term sheet for the JV. According to reports from The Economic Times, under a separate agreement with the IREO group of FDI funds, the proposed JV will deploy the funds to acquire at least a 20% stake in the IREO India companies, along with certain governance rights.
The companies expect the transaction to close during 2027.