DLF plans to reduce debt to Rs 12,000

21 Aug 2014

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

137.05 0.35 (0.26%) May 27, 15:03
1 Year Price Chart
Company Name CMP
Dilip Buildcon 255.15
NBCC (India) 17.15
Sobha 197.45
DLF 137.05
JMC Projects (India) 40.40
View more..
Sensex vs DLF
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719