DLF to decide rental business roadmap on October 8

New Delhi, Oct 3 (IANS) Realty major DLF on Saturday said that its board will meet on October 8 to discuss the recommendations made by a committee on ways to drive growth of company’s Rs.2,400 crore rental business.

“A meeting of the board of directors has been scheduled to be held on October 8, 2015 to consider and deliberate on the recommendations, if any, of the audit committee which is scheduled to meet on October 8, 2015,” the company said in a Bombay Stock Exchange (BSE) filing.

The audit committee was authorised by the board on August 29, 2014 to inter alia evaluate, review and recommend various strategic and financial options to drive sustainable and long-term growth and development of rental business and resolve conflict of interest in the ownership of DLF Cyber City Developers Ltd (DCCDL) with inter-se affiliated persons/entities.

The audit committee, in its meeting scheduled for October 8, will review and consider the various strategic options in this regard.

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