by THO
Real estate major DLF Ltd is raising ₹600 crore through issue of non-convertible debentures (NCDs) to investors, the company said in a regulatory filing on March 27.
The company’s wholly owned subsidiary DLF Home Developers Ltd is raising the amount.
The Securities Allotment Committee of the Board of Directors of DHDL has approved the allotment of 60,000 NCDs, having face value of ₹1 lakh each, for an aggregate principal amount of ₹600 crore on a private placement basis to eligible investors, it said in its regulatory filing.
Also Read: DLF Q3 profit increases by 27% to ₹656 crore
“…this is to inform you that the Securities Allotment Committee of the Board of Directors of DLF Home Developers Limited (‘DHDL’), a wholly-owned material subsidiary, in its meeting held today i.e. 27th March 2024 has approved the allotment of 60,000 – 8.50% senior, secured, rated, listed, redeemable, guaranteed, rupee denominated Non-Convertible Debentures (‘NCDs’) of the face value of ₹ 1,00,000/- each, for an aggregate principal amount of ₹ 600 crore (Rupees Six Hundred crore only) on a private placement basis, to the eligible investors,” the company said in a regulatory filing.
Also Read: DLF sells land parcel in Chennai for ₹735 cr to Cholamandalam Investment and Finance Company
DLF Group has 215 mn sq ft of development potential across residential and commercial segments. The group has an annuity portfolio of over 42 mn sq ft.
Also Read: DLF flat in Gurugram sold for ₹95 crore. Here are the details
DLF plans to launch properties worth nearly ₹80,000 crore over the next 3-4 years to tap rising demand for housing and commercial projects.
Also Read: DLF to launch properties worth almost ₹80,000 crore over the next 3-4 years
