DLF, country’s largest real estate developer, has reportedly received its shareholders' approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures (NCDs). The shareholders have given approval to reduce borrowing power of the company's board of directors to Rs 30,000 crore from earlier Rs 50,000 crore.
The company operates some of its businesses through subsidiaries, joint ventures, affiliates and associates. The company has also received shareholders' approval to invest up to Rs 20,000 crore in its subsidiaries, joint ventures and associates.
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.
