Blackstone, GIC said to be shortlisted for DLF's assets in India
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Singapore
BLACKSTONE Group LP and Singapore sovereign fund GIC Pte have been shortlisted to purchase a 40 per cent stake in the rental property arm of DLF Ltd, India's largest listed developer, people with knowledge of the matter say.
The funds were chosen to proceed in the bidding for the interest in DLF Cyber City Developers Ltd being sold by DLF chairman KP Singh's family, according to the people. The holding could fetch more than 100 billion rupees (S$2.07 billion), the people said on Friday, asking not to be identified as the information is private.
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