DLF plans to raise up to Rs 500 cr through issue of NCDs : v

DLF plans to raise up to Rs 500 cr through issue of NCDs


DLF plans to raise up to Rs 500 cr through issue of NCDs
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The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum.
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Thr company is also restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment.
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DLF said it plans to raise Rs 500 crore through issue of non-convertible debentures (NCDs).
“The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum with an aggregate principal amount of up to Rs500 crores on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under the applicable laws,” it said in a stock exchange filing.

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