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1. According to The Times of India news report, the company has pegged the deal size at around Rs 13,305.5 crore (about $2 billion) 

2. In DLF Cyber City Developers, the promoters' hold 40% stake and the rest is owned by DLF 

3.  The real estate major is expected to use the money to retire a part of its debt of Rs 24,397 crore as on December 31, 2017,cited the news report 

Real estate company DLF has announced to sell 40% equity shares in its commercial segment firm DLF Cyber City Developers to Singapore-headquartered global investment firm GIC Singapore.

"...the board of directors had approved the proposal for promoter group companies namely Rajdhani Investment and Agencies Private Ltd, Buland Consultants and Investments Private Ltd, Sidhant Housing and Development Company (CCPS Holder) to sell 15,96,99,999 cumulative compulsorily convertible preference shares of DLF Cyber City Developers Ltd (DCCDL) (which would result in 40% equity shareholding in DCCDL upon conversion of the CCPS), to unrelated third party institutional investors (the Transaction) subject to certain certain conditions," DLF said in a filing to the BSE on Wednesday.   

"After deliberating on the advice of Bankers and Legal Advisors to the process, and with due consultations with sellers, the Audit Committee approved entry into the next phase of the process to negotiate definitve transaction documents, and execution of an Exclusivity Agreement with an affiliate of GIC Singapore for this purpose," it further said in a statement. 

 DLF to invest Rs 3,500 crore in 2017 to complete running projects

According to The Times of India news report citing the sources, the company has pegged the deal size at around Rs 13,305.5 crore (about $2 billion). At this price, DLF's rental arm DCCDL could be valued at around Rs 35,000 crore. 

The news report further said that the promoters will invest the proceeds from the sale back to the company. This will lead to increase their holding in DLF beyond 75%. At present, they hold 74.9% of the 
total paid-up capital.

In DCCDL, the promoters' hold 40% stake and the rest is owned by DLF. The real estate major is expected to use the money to retire a part of its debt of Rs 24,397 crore as on December 31, 2017,cited the news report.

DLF has earned a net profit of Rs 559 crore on a revenue of Rs 6,429 crore. 

See LIVE stock updates of DLF here-

DLF's Q3 net profit declines by 46% to Rs 98.14 crore