ET NowIn a conversation with ET Now, Rajiv Talwar, CEO, DLF talks about equity dilution after stake sale, commercial real estate and much more. Edited excerpts.
ET Now: A lot of concerns are being raised about the equity dilution after stake sale. How will you assuage the investor fear?
Rajiv Talwar: There is no need for any investor fear. In fact, I think it has been laid out very well by our chief financial officer and group CFO. Whatever comes in by way of divestment from the DLF Cyber City Developers Limited, will then be infused into the DLF Limited by the promoters.
ET Now: Talking about the rental arm business, now that is really doing well. Will we see more inventory really coming into the rental arm, the commercial side and the residential one?
Rajiv Talwar: Certainly, there will be a lot of inventory coming in. It really speaks well for the economy of the country and the dream of PM Modi, the mission that he and the Finance Minister said that India should be a $10 trillion economy. There have been a lot of reforms which have taken place. The economy is on upswing and the first result you see is that commercial space is now in demand and is fairly outstripping supply. The oversupply which exited about eight years ago is exhausted.
ET Now: A lot of concerns are being raised about the equity dilution after stake sale. How will you assuage the investor fear?
Rajiv Talwar: There is no need for any investor fear. In fact, I think it has been laid out very well by our chief financial officer and group CFO. Whatever comes in by way of divestment from the DLF Cyber City Developers Limited, will then be infused into the DLF Limited by the promoters.
ET Now: Talking about the rental arm business, now that is really doing well. Will we see more inventory really coming into the rental arm, the commercial side and the residential one?
Rajiv Talwar: Certainly, there will be a lot of inventory coming in. It really speaks well for the economy of the country and the dream of PM Modi, the mission that he and the Finance Minister said that India should be a $10 trillion economy. There have been a lot of reforms which have taken place. The economy is on upswing and the first result you see is that commercial space is now in demand and is fairly outstripping supply. The oversupply which exited about eight years ago is exhausted.
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