DLF Assets mulls listing to quench $1bn-a-yr appetite

DLF Assets mulls listing to quench $1bn-a-yr appetite.
DLF Assets Pvt Ltd, the real estate asset management company promoted by the DLF Group, is planning to list in India or abroad in the next few months. 'We will explore the possibility of listing - in India or abroad - for our asset holding vehicle over the next few months,' DLF Ltd vice-chairman Rajiv Singh told The Indian Express. 'We are looking at how DLF Asset can finance itself more efficiently.' As the company grows, 'its appetite will grow, it will need to raise more money, and listing is one of the options we are exploring. It will be a fairly large and powerful entity, which will need to raise over $1 billion a year,' Singh said. DLF Asset has raised private equity to the tune of $600 million. It has received $200 million from New Opportunities I PCC ('Investor'), a fund sponsored by Lehman Brothers, and $400 million from another global investment firm DE Shaw.


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