DLF is planning to raise Rs 3,000-3,500 crore via commercial mortgage-backed securities. The company, which has hired Credit Suisse for this fund raising activity, will be issuing mortgage securities against IT Sezs portfolio of 12 sq metres.
Further, the company plans to utilize these proceeds to improve balance sheet and access cheaper debt. DLF recently raised Rs 900 crore via similar route from two malls.
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.
