DLF LTD. - Clarification from DLF Ltd

The Exchange had sought clarification from DLF Ltd with respect to the media report titled "DLF to Buy Promoters' 40% in Rental Biz" appearing in The Economic Times on September 24, 2014.<br/><br/>DLF Ltd replied as under:<br/><br/>"Kindly note as intimated vide our letter dated 29th August, 2014 that the Board of Directors of the Company in its meeting held on 29th August, 2014 has requested the Independent Directors of the Company who are members of the Audit Committee, chaired by Shri K. N. Memani to comprehensively evaluate, review and recommend various strategic options available for the Company to drive sustainable and long term growth and development of the rental business; create the optimum structure for the rental business in order to improve efficiency and control and to reduce conflicts of interest, if any, inter-se affiliated persons / entities in keeping with the best corporate governance practices.<br/><br/>In line with the above, the Audit Committee has commenced it's preliminary deliberations on the subject. We have no further comments to offer at this stage."