DLF’s promoters have reportedly infused the last tranche i.e. Rs 2,250 crore in the company against issuance of new equity shares. This will help the company to trim its debt and strengthen its cash reserves.
The fresh infusion through two holding entities - Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services - takes the promoters’ collective stake to 74.95 per cent in the company.
The current tranche of capital invested concludes the induction of capital of Rs 11,250 crore by the promoter/promoter group as planned in December 2017.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
