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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 855.05 |
| Dilip Buildcon | 445.60 |
| DLF | 597.70 |
| Oberoi Realty | 1720.05 |
| Ahluwalia Contract(I | 826.25 |
| View more.. | |
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