DLF to buy out Dubai World in JV – report


Reuters | Mon Jul 26, 2010 | 9:09am IST

DLF Ltd DLF is buying out the stake held by Dubai World’s property arm in an equal joint venture in India for about 2 billion rupees ($43 million), the Economic Times reported on Monday. A unit of DLF will buy the stake owned by Limitless Group, which is a part of Dubai World, in Bidadi Knowledge City in southern Karnataka state, the newspaper said, citing a person with direct knowledge of the transaction. Officials at DLF and Dubai World could not immediately be reached by Reuters for comment.

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