DLF appears close to bagging a Rs 30 billion convention centre project in Delhi, possibly the biggest in the country, as the company is the only bidder for developing the facility.The 35-acre project that includes land cost and lease was offered for bidding by the Delhi Administrative Authority. DLF is the sole bidder virtually bagging the project at Dwarka.DDA spokesperson said it has received only one bid for the convention centre project from DLF. The authority was yet to decide on the outcome of the bidding price, she said.The DDA spokesperson said the bid was yet to be opened. If DLF wins this project, it would be the company's first major deal after the public offer, which was the country's largest IPO of Rs 9,187 crore (Rs 91.87 billion).The convention centre project would comprise a conference hall spread over 72,000 sq ft with a seating capacity of 6,000. It would also have one or two hotels with 800 rooms. Besides, it would have the largest retail mall in Dwarka and one million sq ft of commercial space.
If this deal kicks off then the investors interest in the stock would incerease and the price moment of the stock to be positive after the listing...
rgds.,
japan shah
japan.shah@gmail.com
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