DLF Home Developers Ltd approves allotment of NCDs worth Rs. 600 crore

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.

Shares of DLF Limited was last trading in BSE at Rs. 880.75 as compared to the previous close of Rs. 873.55. The total number of shares traded during the day was 86734 in over 3190 trades.

The stock hit an intraday high of Rs. 888.50 and intraday low of 875.05. The net turnover during the day was Rs. 76579009.00.

Source : Equity Bulls

Keywords

DLF INE271C01023 DLFHomeDevelopers FundRaising NCDs