DLF Ltd will raise up to Rs 500 crore by way of NCD issuance
New Delhi: Realty player DLF Ltd will raise up to Rs 500 crore by way of NCD issuance.
The finance committee, set up by the board directors of the company, has approved the issue of redeemable non-convertible debentures (NCD) of up to Rs 500 crore through private placement basis. This can be in one or more tranches to certain eligible investors, the company said in a regulatory filing.
The secured and rated NCDs will bear a coupon rate of 8.25 percent. This will have annualized equivalent of 7.95 percent per year payable per month).