DLF’s rental arm DCCDL buys 26.43% stake in Suncloud Solar for ₹8.41 crore
The Hindu
Cash consideration of ₹8.41 crore
Realty firm DLF’s rental arm DCCDL has bought 26.43% stake in Suncloud Solar for ₹8.41 crore.
DLF holds 67% stake in DLF Cyber City Developers Ltd. (DCCDL), while Singapore sovereign wealth fund GIC has the remaining 33.33% stake. DCCDL holds bulk of the office buildings and shopping malls of DLF group.
According to a regulatory filing on Thursday, DCCDL, through one of its wholly owned subsidiaries DLF Info City Chennai Ltd., has agreed to acquire about 26.43% shares of Suncloud Solar Pvt. Ltd. by way of cash consideration of ₹8.41 crore.
Suncloud Solar is a special purpose vehicle of Cleantech Solar India OA 2 Pte. Ltd. It has been incorporated to undertake the construction, operation and maintenance of the captive generating plant and to supply, on captive basis, power generated from the captive generating plant to DLF Info City Chennai under the Power Purchase Agreement (PPA).
To qualify as captive user in terms of the Electricity Act, 2003 and the allied rules, DCCDL is required to subscribe to equity shares comprising at least 26% of the issued and paid-up equity share capital of Suncloud Solar.
In December 2017, DLF had formed a joint venture with GIC after its promoters sold their entire 40% stake in DCCDL for nearly ₹12,000 crore. This deal included the sale of a 33.33% stake in DCCDL to GIC for about ₹9,000 crore and the buyback of remaining shares worth about ₹3,000 crore by DCCDL.
DCCDL has rent-yielding commercial assets (office and retail) of about 40 million square feet.
Stock markets decline for the second consecutive day, with Sensex dropping 245 points amid geopolitical tensions and foreign fund outflows.
IOC and BPCL announce significant oil discoveries in Abu Dhabi, enhancing India’s energy security and expanding their international portfolio.
Wholesale price inflation rises to 0.83% in December 2025, driven by increasing food and manufactured goods prices.
Nestle CEO apologizes for infant formula recall, assuring customers that all affected batches have been announced.
China's trade surplus reaches a record $1.2 trillion, driven by rising exports despite geopolitical tensions and slowing U.S. shipments.
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.