DLF’s material subsidiary company -- DLF Cyber City Developers (DCCDL) has raised Rs 500 crore through allotment of 5,000 Senior, Listed, Rated, Secured, Redeemable, Transferable, Rupee denominated Non-Convertible Debentures (NCDs) of the face value of 10,00,000 each at a coupon rate of 7.80% p.a. payable on annual basis on private placement basis, to certain eligible investors. Date of maturity of said NCDs will be September 20, 2024.
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.
