DLF will sell its wind energy business to an unlisted firm founded by the former General Electric India boss Tejpreet Singh Chopra for around Rs 900 crore, sources said. The divestment of wind energy business has already been finalised with Bharat Light and Power (BLP), sources told a leading business newspaper.    

The deal's contours involve DLF selling its windmills in Gujarat, Tamil Nadu, Karnataka and Rajasthan under a two-phased ;slump sale,' which is industry jargon for a transaction in which an entire business is transferred for a lump-sum amount without assigning values to specific assets.    

DLF, India's biggest real estate group, plans to first sell windmills that can generate up to 200 megawatts of power and have permission from State governments to transfer power purchase agreements.    

The second part involving assets that can generate another 28 mw of power will be sold later, the sources added. Companies need the permission of State government for transferring PPA before they sell power generating assets.