DLF, one of the largest real estate companies in India is planning to raise Rs 5,000 crore by way of private placement of non-convertible debentures. The company is currently waiting for shareholders’ approval for this proposal as well as to reduce the borrowing capacity of the company to Rs 30,000 crore from earlier Rs 50,000 crore. Meanwhile, in order to augment long-term resources for business needs through issue of NCDs, the company may offer to invite subscription for NCDs in one or more tranches.
Recently, the company has reported 51.62% growth in Q1FY15 net profit of Rs 72.64 crore as against Rs 150.16 crore in the corresponding quarter of the previous year. Its total income has decreased by 26.54% to Rs 762.38 crore for the quarter under review from Rs 1037.83 crore for the corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| Lodha Developers | 855.85 |
| Dilip Buildcon | 450.15 |
| DLF | 595.85 |
| Oberoi Realty | 1695.70 |
| Ahluwalia Contract(I | 833.35 |
| View more.. | |
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