DLF LTD. - Updates

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31 May 2016
DLF Ltd has informed BSE that :<BR><BR>"Further to our letter of date where in we have informed that DLF Utilities Ltd., (DUL), a subsidiary has executed an Amendment Agreement on 30th May, 2016 with PVR Limited in connection with sale of the cinema exhibition business (operated under the brand name of DT Cinemas) on a slump sale basis for a revised consideration of Rs.433 crore (Rs. 100 crore of which to be received upon satisfaction of certain Conditions Subsequent).<BR><BR>Consequent thereupon DUL has received Rs. 333 crore under the aforementioned transaction with PVR Ltd., and accordingly sale and transfer of the said cinema exhibition business as a going concern on a slump sale has been consummated today. DUL shall receive further amount of Rs. 100 crore on completion of certain conditions under the transaction pursuant to the terms of Agreement dated 9.6.2015 as amended with Amendment Agreement dated 30.5.2016 with PVR Ltd."
View all announcements for DLF LTD.	Source: BSE India

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