Home >Companies >People >DLF plans to raise 1,000 crore via issue of NCDs
DLF net sales bookings rose 21% to  ₹2,156 crore during Apr-Dec in 2019-20 on better demand for its completed inventories (Photo: Mint)
DLF net sales bookings rose 21% to 2,156 crore during Apr-Dec in 2019-20 on better demand for its completed inventories (Photo: Mint)

DLF plans to raise 1,000 crore via issue of NCDs

  • DLF says a meeting of the finance committee of the board of directors is scheduled to be held on 7 March to consider this proposal
  • Last month, DLF had reported a 24% increase in consolidated net profit at 414.01 crore for Dec quarter as against 335.15 crore in the year-ago period

Realty major DLF on Thursday said it plans to raise 1,000 crore through issue of non-convertible debentures. A meeting of the finance committee of the board of directors is scheduled to be held on 7 March to consider this proposal, the company said in a regulatory filing.

DLF said it is "desirous of offering listed redeemable secured non-convertible debentures (NCDs) aggregating 1,000 crore in one or more tranches".

Last month, the company had reported a 24% increase in consolidated net profit at 414.01 crore for the quarter ended December as against 335.15 crore in the year-ago period.

Total income in the third quarter of 2019-20 fell 36% to 1,533.34 crore from 2,405.89 crore in the corresponding period previous year.

The company's net sales bookings rose 21% to 2,156 crore during April-December in 2019-20 on better demand for its completed inventories.

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