Realty major DLF, on Friday, announced the sale of its wind turbine projects in Tamil Nadu and Rajasthan for Rs.240.9 crore to two separate entities as part of its strategy to exit non-core businesses . While the company has sold the 34.5 MW wind mill project in Tamil Nadu to Tulip Renewable Powertech for Rs.188.7 crore, the 33-MW wind mill project in Rajasthan has been divested to Violet Green Power for Rs.52.2 crore.
On Thursday, DLF’s shareholders approved the sale of fresh equity shares to meet minimum public shareholding norms. Sources said DLF was likely to offer over 8 crore fresh equity shares, worth over Rs.2,000 crore at current market price, for dilution of promoters stake to below 75 per cent from 78.58 per cent.
