BOM:532868

DLF Unit to Acquire Nearly 27% Stake in Renewable Energy Firm

DLF (NSE:DLF, BOM:532868) said its subsidiary DLF Info Park Developers will acquire a 26.97% stake in Balang Renewables for 42 million rupees, according to a Tuesday filing to the Indian stock exchanges.Balang Renewables develops and operates renewable energy plants and supplies green power to DLF Info Park under a captive power purchase agreement.

Nomura Upgrades DLF to Buy from Neutral; Price Target is INR740

Jefferies Adjusts DLF's Price Target to INR815 From INR800, Keeps at Buy

DLF (NSE:DLF, BOM:532868) has an average rating of buy and mean price target of 836.80 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)