DLF : TO INVEST RS 3750 CR FOR MAJORITY STAKE IN EVERSTONE JV

• Binding and exclusive term sheet signed November 06, 2026 with Everstone Group (Singapore) to form JV investing in IREO India Companies • DLF intends to invest approximately ₹3,750 Cr for a majority stake in the JV, which will hold economic interest in IREO India Companies • JV to acquire at least 20% stake in IREO India Companies with certain governance-related rights • JV's aggregate economic interest in IREO India Companies to be ~40%, with IREO Funds holding the balance • Transaction spans Delhi, Gurugram and other regions; IREO companies to be run by independent management under DLF and Everstone guidance • Closing expected during 2027, subject to due diligence, regulatory and third-party approvals and definitive documents

DLF Ltd

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