MUMBAI, July 20 DLF Ltd (DLF.BO), India's
largest listed developer, is in talks with Europe-based Gaz de
France Suez GSZ.PA and Akuo Energy for selling its wind
energy business, the Economic Times newspaper reported on
The paper said the two firms had completed due diligence
and the pricing would be decided by the end of July. DLF hopes
to raise at least 9 billion rupees ($186 million) from the
In May, DLF had said it was looking for a buyer for its
wind power business, part of the company's move to exit
non-core assets and businesses that would help it cut debt. It
had said due diligence of the unit's assets was underway.
DLF has said it aims to raise $2 billion over the next
three years from asset sales as it struggles to cut debt amid a
slump in property demand.
(Reporting by Prashant Mehra; Editing by Ranjit Gangadharan)