DLF close to wind power arm deal

DLF is in the final stages of negotiating a deal to sell off its subsidiary, DLF Wind Power, to French company Eole-Res, which specialises in wind and solar energy. Though the exact value of the transaction is not clear, sources close to the development said the figure is close to Rs 1,000 crore.

India’s largest real estate company by market cap has been in talks with many European and Indian companies for selling the unit, as part of its strategy to hive off non-core businesses to clear its debts.

“Wind Power has met with a good response from strategic partners wherein the due diligence of the assets is currently underway,” DLF had said while declaring its financial results in April.

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With big bucks flying, Indian Premiere League just got bigger

The auction for the second season of the DLF Indian Premiere League (IPL) kicked off the usual drama and sensation.Although just about 17 players went under the hammer in the current season, and the bidders remained cautious while spending as the spending limit of all teams was set at $2 million(Rs9.8crore) each, it was not bereft of action.

The biggest action took place when the battle for capturing Mashrafe Mortaza, the Bangladesh all rounder heated up, between the Kings XI Punjab and Kolkata Knight Riders. The heated bidding started from $50,000 for Mortaza and finally KKR got him for $6,00,000, 12 times more than the base price. This climb set a new record after was Manoj Tiwary’s, bidding had seen a jump from $100,000 to $675,000 last year.

Another high of sorts was created when English cricketers Andrew Flintoff bagged by Chennai Super Kings and Kevin Pietersen bought by Bangalore Royal Challengers for Rs 7.5 crore each,

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