DLF Ltd raises Rs 500 cr by way of issue of non convertible debentures
New Delhi: Realty player DLF Ltd has raised Rs 500 crore by way of issue of non convertible debentures (NCD).
The allotment committee of the company has allotted as many as 5,000 senior, secured rated listed redeemable NCDs with a face value of Rs 10 lakh each, the company said in a regulatory filing.
The tenure of these debentures is 3 years and coupon rate is 8.25 percent. These debentures will be listed on the BSE. DLF Ltd did not specify where the proceeds of the issue will be used.