DLF Limited (NSEI:DLF) entered into definitive agreement to acquire 3.24% stake in Uni International Private Limited on November 7, 2023. In a related transaction, DLF is also acquiring stakes in 2 more LOCs (Land Owning Companies) and the total cost of the acquisition is INR 400 million. Post the acquisition, Uni International will become a subsidiary of DLF.

Uni International has revenues of INR 212.5 million, PAT of INR 1 million and Net worth of INR 8.3 million. The board of directors of DLF Limited approved the transaction at its meeting held on November 7, 2023. The transaction is expected to close within 180 days from the execution of definitive agreement.