DLF Limited arm allots NCDs for Rs. 1150 crore

DLF Cyber City Developers Limited ('DCCDL'), a material subsidiary of DLF Limited, has approved allotment of 11,500 Senior, Listed, Rated, Secured, transferable, redeemable Non-Convertible Debentures (NCDs) of the face value of ₹ 10,00,000/- each at a coupon rate of 7.90 % p.a. (inclusive of fees) payable on annual basis, with an aggregate principal amount of ₹ 1,150 crore on private placement basis, to eligible investor(s).

Shares of DLF Limited was last trading in BSE at Rs. 392.40 as compared to the previous close of Rs. 395.25. The total number of shares traded during the day was 128248 in over 2961 trades.

The stock hit an intraday high of Rs. 398.00 and intraday low of 391.00. The net turnover during the day was Rs. 50511431.00.

Source : Equity Bulls

Keywords

DLF INE271C01023 Realty FundRaising NCDs DLFCyberCityDevelopers