Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
Did you know?
What made us buy IEX@193, Tata Power@56, Titan@330, Divis@629, Persistent@700.

CRISIL revises outlook of DLF’s long-term bank facilities to ‘Stable’

23 May 2013

Credit rating agency, CRISIL has revised its outlook on the long-term bank facilities and debt instruments of DLF to ‘Stable’ from ‘Negative’, while reaffirming the rating at ‘A’; the rating on DLF’s short-term facilities and debt programme has been reaffirmed at ‘A2+’.

The company has received the outlook revision on the back of its significant debt reduction over the medium term, supported by divestments of non-core assets and recent equity infusion of Rs 1,860 crore into the company.

The country’s largest realty firm is targeting to bring down the net debt to Rs 10,000-11,000 crore from Rs 21,350 crore within the next three years with the help of proceeds from the issue of shares and sale of non-core assets.

DLF Share Price

396.00 4.65 (1.19%) Dec 08, 12:13
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 566.90
NBCC (India) 43.30
Prestige EstatesProj 445.00
DLF 396.00
JMC Projects (India) 95.30
View more..
Sensex vs DLF
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback