DLF has raised Rs 375 crore through non-convertible debentures (NCDs) as part of its strategy to boost internal cash flows. The company has allotted 12.25% privately placed fully paid non-convertible debentures of a principal amount of Rs 375 crore redeemable for cash at par in separate series within a period of 4 years 11 months and 18 days from the date of allotment. These debentures would be secured by certain immovable assets of company’s wholly-owned subsidiary and listed on the Bombay Stock Exchange (BSE).
Earlier this month, company had raised Rs 1,000 crore through NCDs, the company's first capital market issuance since getting a relief from the Securities Appellate Tribunal (SAT).
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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 840.95 |
| Dilip Buildcon | 455.70 |
| DLF | 587.25 |
| Oberoi Realty | 1688.15 |
| Ahluwalia Contract(I | 886.85 |
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