Transaction Details

Acquiring Entity: DLF Info Park Developers (Chennai) Limited (subsidiary of DLF Cyber City Developers Limited)

Target Entity: Balang Renewables Private Limited (BRPL)

Transaction Type: Acquisition of equity shares via Share Purchase and Shareholders Agreement

Stake Acquired: ~26.97% equity shareholding

Consideration: Cash payment of ₹4.20 crore

Corporate Structure Context

DLF Cyber City Developers Limited is a material subsidiary of DLF Limited, with DLF Limited holding approximately 66.67% of its total paid-up share capital.

Business Rationale

The acquisition enables DLF Info Park Developers (Chennai) Limited to qualify as a Captive User under the Electricity Act, 2003 and allied rules, which requires subscribing to at least 26% of the issued and paid-up equity share capital of the target entity. The target company will supply green power to the acquirer under a Captive Power Purchase Agreement (PPA).

Target Company Financial Parameters

Turnover: Nil (₹ in crore)

PAT: (₹0.02) crore (loss)

Net-worth: (₹0.03) crore (negative)

Target Company Business Profile

Industry: Renewable green solutions (Renewable Energy)

Business Activities: Development, operation and maintenance of renewable energy plants; supplying green power; consulting, design, engineering, fabrication, installation, commissioning and monitoring of distributed rooftop solar power plants primarily for captive consumption of commercial and industrial customers in India

Date of Incorporation: 9th February 2024

Country of Operation: India

Historical Turnover:

  • FY 2024-25: Nil
  • Previous years: Not applicable as company was incorporated on 9th February 2024

Transaction Specifics

Related Party Transaction: No

Promoter/Promoter Group Interest: None

Government/Regulatory Approvals: Not applicable

Completion Timeline: Within 30 days from the date of execution of transaction documents

Additional Information

No other significant information provided. The disclosure was signed by Ram Parkash Punjani, Company Secretary of DLF Limited, on 18th August 2026 at 17:20:14 IST.

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