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DLF plans to reduce debt to Rs 12,000

21 Aug 2014 Evaluate

DLF is planning to reduce its debt to Rs 12,000-14,000 crore by FY17 through asset monetisation and increasing cash-flows from sales. As of FY’14, the largest realty major had a debt of Rs 19,000 crore. Moreover, the company is looking at selling some of its non-core assets. Besides, the company will also use the cash flows from sales to pare debt.

The country’s largest realty company, which has been on a drive to sell its non-core assets, achieved non-core sales of Rs 5,930 crore by selling its wind energy business, insurance business and hospitality venture Aman Resorts, besides getting a refund from the government for its Dwarka project and the institutional placement programmes.

DLF Share Price

597.70 1.85 (0.31%)
21-Apr-2026 09:09 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.05
Dilip Buildcon 445.60
DLF 597.70
Oberoi Realty 1720.05
Ahluwalia Contract(I 826.25
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