DLF to raise Rs 500 cr through pvt placement of NCDs

Date:

Realty major DLF’s Finance Committee on Wednesday approved an issue of redeemable non-convertible debentures (NCD) with a principal amount of Rs 500 crore through private placement.

The debenture will be issued in one or more tranches to certain eligible investors permitted to invest in the NCDs as per applicable laws, the company said in a market filing.

The secured rated listed and redeemable NCDs will carry a coupon rate of 8.25 percent (the ie annualized equivalent of 7.95 percent per annum payable per month).

The company did not disclose the purpose of the private placement.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

“Charan 16 Begins with a Big Day Announcement!”

Fans are eagerly awaiting the highly anticipated film Game...

“Exciting News: Pushpa 2 Update is Here!”

The highly anticipated pan-India film Pushpa 2: The Rule,...

“Mechanic Rocky Gears Up for Its OTT Premiere!”

Mask Ka Das Vishwak Sen has delivered a solid...

Pragya Jaiswal charm is undeniable!