India's two corporate giants Tata Group and the Mukesh Ambani owned Reliance [Get Quote] Group have booked space in DLF Ltd's malls for rolling out their retail ventures. "Tata Group's retail arm Trent has tied up with DLF for retail space in 18 malls while Reliance has tied up for retail space in two malls," DLF Group CFO Ramesh Sanka told PTI in Mumbai on Thursday.
DLF's Rs 9,625 crore (Rs 96.25 billion) public issue was listed on the BSE and NSE on Thursday. DLF share opened at Rs 582 on the Bombay Stock Exchange as against an issue price of Rs 525 fixed for each Rs two share.
"Trent, the retail business of the Tata Group will be occupying a minimum of 150,000 sq ft feet in each mall," DLF sources said. DLF Limited has drawn up plans to set up country's largest mall with nearly 40 lakh sq ft lettable area.
Mall of India planned at Gurgaon will have a total lettable area of around 39 lakh square feet and a total land area of 32.87 acres. The company has secured land for the development of approximately 44 million square feet of retail space, of which 10 million square feet is under construction currently.
Among the completed and sold projects are the DLF City Centre and the DLF Mega Mall.
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