Realty major DLF said that it has raised Rs 375 crore through non-convertible debentures (NCDs) as part of its strategy to boost internal cash flows.
"It has allotted allotted 12.25 per cent privately placed fully-paid non-convertible debentures of a principal amount of Rs 375 crores... redeemable for cash at par in separate series within a period of 4 years 11 months and 18 days from the date of allotment," the company said in a filing to the Bombay Stock Exchange.
These debentures would be secured by certain immovable assets of DLF's wholly-owned subsidiary and listed on BSE.
Earlier this month, the firm had raised Rs 1,000 crore through NCDs, the company's first capital market issuance since a relief from the Securities Appellate Tribunal (SAT).
Meanwhile, shares of the company were trading at Rs 103.75 a piece, up 7.74 per cent from the previous close at 10:05 hours on BSE.