DLF Subsidiary Acquires 26.97% Stake in Balang Renewables for ₹4.20 Cr

DLF Cyber City Developers Limited, a material subsidiary of DLF Ltd, through its own subsidiary DLF Info Park Developers (Chennai) Limited, has acquired approximately 26.97% equity shares of Balang Renewables Private Limited for a cash consideration of ₹4.20 crore. Balang Renewables is involved in the development, operation, and maintenance of renewable energy plants and supplying green power. This acquisition is to meet the requirements for qualifying as a Captive User under the Electricity Act, 2003, ensuring a supply of green power to the acquirer. The transaction is expected to be completed within 30 days.