DLF has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. The allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure of the NCDs is three years and the coupon rate is 8.25 per cent. The NCDs will be listed on the BSE.
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.
