Goldman Sachs and Lehman Brothers are advising DLF Assets, a Singapore based unit promoted K.P. Singh, chairman of DLF, for its proposed public issue in Singapore.
Earlier, DLF had reportedly sold some of its leased commercial properties to DLF Assets to separate its development and asset ownership businesses. DLF Assets has already paid about Rs 2400 crore to DLF against a total consideration of Rs 4000 crore.
DLF Assets has a portfolio of IT parks in New Delhi, Hyderabad and Chennai and two large office complexes in Gurgaon, the report added.
DLF reported a net profit of Rs 579.27 crore on sales of Rs 1121.87 crore in Q1 June 2007.
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