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India's largest real estate firm DLF plans to list several companies from its stable to raise about $5 billion more from the capital markets. The Economic Times reports that the company over the next three years may list at least five companies such as DLF Homes, DLF Retail, DLF Hotels, DLF Utilities and DLF Infrastructure. The parent DLF had listed early this year raising about Rs 9,000 crore. DLF in all is looking at infusing about $10-12 billion in its various businesses over the next three years, the paper report, quoting DLF group chief finance officer Ramesh Sanka.
DLF is planning to list its office space development arm DLF Assets in Singapore in the first quarter of next year. It could be a $2-2.5 billion issue. However, other businesses are expected to be listed in Indian capital markets only.