DLF may raise up to Rs 395 cr by way of issuance of debentures
New Delhi: Realty player DLF Ltd is planning to raise up to Rs 395 crore by the way of issuance of debentures. The proposal to raise money will be raised on 3 March in a meeting of finance committee of its board of directors.
"The company is desirous of offering listed redeemable secured non-convertible debentures aggregating up to Rs 395 crore in one or more tranches… and in this regard, a meeting of the finance committee of the board of directors is scheduled to he held on March 3 to consider the said proposal," the company said in regulatory filing.
The company did not mention in the filing where the sale proceeds from the bonds will be deployed.