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DLF plans to raise Rs 2,500 crore through NCDs

08 Aug 2016 Evaluate

Realty major DLF is planning to raise up to Rs 2,500 crore through issuance of non-convertible debentures (NCDs) for working capital requirements and reducing debt. DLF had a net debt of Rs 22,202 crore at the end of the last financial year. The proceeds of the NCDs would be utilised for business purposes including repayment of debts in order to reduce the interest cost and to reduce reliance on the banking systems.

The country’s largest realty firm has sought shareholders approval through a special resolution in its annual general meeting scheduled to be held on August 30.

DLF has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation. The company has 284 million square feet of planned projects with 41 million square feet of projects under construction.

DLF Share Price

620.30 5.65 (0.92%)
30-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 954.85
Dilip Buildcon 447.90
Oberoi Realty 1768.65
DLF 620.30
Ahluwalia Contract(I 858.75
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