DLF’s wholly owned subsidiary -- DLF Home Developers (DHDL) has received approval for the allotment of 60,000 non-convertible debentures (NCDs), having face value of Rs 1 lakh each, for an aggregate principal amount of Rs 600 crore on a private placement basis to eligible investors. The amount will be utilised for refinancing its existing debts. The Securities Allotment Committee of the Board of Directors of DHDL in its meeting held on March 27, 2024 has approved the allotment of the same.
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.
