DLF has garnered Rs 750 crore through issue of bonds with maturity period of five years with coupon rate of 12.5%. The realty major will use the funds for development of its housing and commercial projects.
The country’s largest realty firm had a net debt of Rs 21,350 crore at the end of 2012 calendar year. The company has been selling its non-core businesses since last couple of years to focus on core business and cut huge debt.
DLF, together with its subsidiaries, joint ventures and associates the group is primarily in the business of real estate development. The company has a unique business model with earnings arising from development and rentals.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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