DLF & Everstone JV to Invest ₹3,750 Cr in IREO India

DLF Limited and Everstone Group have entered into a binding term sheet to form a joint venture (JV) for strategic investment in IREO Private Limited and its group companies in India. DLF intends to invest approximately ₹3,750 crore for a majority stake in the JV. The JV will acquire at least a 20% stake in IREO India Companies, with the JV holding an aggregate economic interest of approximately 40%. This collaboration aims to leverage DLF's development expertise and Everstone's investment capabilities to unlock growth and build value in IREO's assets across Delhi, Gurugram, and other regions. The transaction is subject to customary closing conditions and is expected to close during 2027.