DLF Ltd to prepay NCDs one year ahead of scheduled maturity

DLF Ltd had earlier raised funds through allotment of 5,000 Senior, Secured, Rated, Listed, Redeemable, Rupee denominated Non-convertible Debentures (NCDs) of the face value of ₹ 10,00,000/- each (ISIN-INE271C07202).

The NCDs are maturing in March 2024, but the Company has exercised the option to prepay the NCDs one year ahead of the schedule on annual interest reset date of 25th March 2023, as per the applicable provisions of the Information Memorandum read with Debenture Trust Deed.

In view of the above, the Company will redeem the outstanding principal amount along with the accrued annual interest on 24th March 2023.

Shares of DLF Limited was last trading in BSE at Rs. 343.00 as compared to the previous close of Rs. 348.75. The total number of shares traded during the day was 121873 in over 3837 trades.

The stock hit an intraday high of Rs. 349.45 and intraday low of 341.40. The net turnover during the day was Rs. 41987713.00.

Source : Equity Bulls

Keywords

DLF INE271C01023 Prepayment NCDs