DLF is raising ₹600 crore through issue of debentures to investors

The company's wholly owned subsidiary DLF Home Developers Ltd is raising the amount, the company said in a regulatory filing

Published on: Mar 27, 2024, 21:11:50 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

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

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Real Estate News

Stay updated with latest Real Estate news and updates from India and around the World, explore the latest market moves and premium property listings updates now on Hindustan Times