DLF to restructure company

DLF to restructure company
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First Published: Tue, Jan 20 2009. 07 11 PM IST
Updated: Tue, Jan 20 2009. 07 11 PM IST
New Delhi: DLF Ltd, India’s largest developer by market value is looking to integrate its various verticals such as hotels, retail, office and Special Economic Zone business into the parent company. “We are planning to restructure the company to enhance the efficiency and productivity of the company,” a DLF spokesperson said.
As a result of this process, some employees who would become redundant would be redeployed within the parent company, the spokesperson said. DLF’s share price today closed at Rs189.40, 2.95% down on the Bombay Stock Exchange on a day when India’s benchmark index, the Sensex fell by 2.45% to 9,100 points. The BSE realty index that includes 14 firms, declined 3.35% on Tuesday.
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First Published: Tue, Jan 20 2009. 07 11 PM IST
More Topics: DLF ltd | Sensex | BSE | Restructure | Realty index |