DLF has received an approval for the issuance of Listed, Secured, Redeemable, Non-convertible Debentures (NCDs), with an aggregate principal amount up to Rs 1,000 crore, on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under applicable laws. The Finance Committee of the Board of Directors of the company at its meeting held on March 7, 2020 has approved the same.
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.
