DLF gains as its arm successfully places CMBS issuance worth Rs 525 crore

26 May 2014

DLF is currently trading at Rs. 220.60, up by 4.05 points or 1.87% from its previous closing of Rs. 216.55 on the BSE.

The scrip opened at Rs. 218.70 and has touched a high and low of Rs. 221.50 and Rs. 218.70 respectively. So far 77,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 222.00 on 23-May-2014 and a 52 week low of Rs. 120.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 222.00 and Rs. 172.20 respectively. The current market cap of the company is Rs. 39,301.00 crore.

The promoters holding in the company stood at 74.93% while Institutions and Non-Institutions held 20.25% and 4.82% respectively.

DLF Emporio, a subsidiary of DLF has successfully placed India's first Commercial Mortgage Backed Security (CMBS) issuance of Rs 525 crore, with a coupon rate of 10.90% p.a. and Legal Maturity of 7.5 years. DLF Emporio owns and operates approximately 3 lakh sq. ft of a Luxury Mall in New Delhi, India.

The CMBS issue is rated CRISIL AA (SO). This is a landmark issuance, being the first of its kind in the country at a competitive pricing. This shall pave way for more such issuances in future. The Arranger for the Issue is Trust Investment Advisors.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.

DLF Share Price

216.85 -0.25 (-0.12%) Dec 10, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 379.30
NBCC (India) 32.60
Sobha 390.25
DLF 216.85
JMC Projects (India) 94.90
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Sensex vs DLF
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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