DLF : CHENNAI STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY OF BALANG RENEWABLES PRIVATE LIMITED

• DLF Cyber City Developers Limited (DLF's material subsidiary) will acquire ~26.97% equity shares of Balang Renewables Private Limited. • The transaction is an acquisition of equity shares for a cash consideration of ₹4.20 crore. • The target entity is engaged in the business of development, operation, and maintenance of a renewable energy plant. • The acquisition is to qualify as a Captive User in terms of the Electricity Act, 2003, requiring subscription to at least 26% of the equity share capital. • Impact: Positive (Acquisition of stake in a renewable energy company to meet captive user requirements.)

DLF Limited

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