DLF Cyber City Developers (DCCDL), a joint venture between DLF and Singapore wealth fund, has successfully raised Rs 1,000 crore through private placement of listed, secured and redeemable non-convertible debentures (NCDs).
The fund has been raised at 6.7 per cent annual fixed coupon rate maturing in September 2024. The NCDs will be listed on the Wholesale Debt Market of 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.
