DLF’s material subsidiary company -- DLF Cyber City Developers (DCCDL) has approved allotment of 11,500 Senior, Listed, Rated, Secured, transferable, redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each at a coupon rate of 7.90% p.a. (inclusive of fees) payable on annual basis, with an aggregate principal amount of Rs 1,150 crore on private placement basis, to eligible investor(s).
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.
