DLF gains on plan to raise Rs 5,000 crore via debentures.
DLF, one of the largest real estate companies in India is planning to raise Rs 5,000 crore by way of private placement of non-convertible debentures. The company is currently waiting for shareholders’ approval for this proposal as well as to reduce the borrowing capacity of the company to Rs 30,000 crore from earlier Rs 50,000 crore. Meanwhile, in order to augment long-term resources for business needs through issue of NCDs, the company may offer to invite subscription for NCDs in one or more tranches.
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