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DLF raises Rs 375 cr via non-convertible debentures

By Religare
|

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.

Story first published: Tuesday, August 25, 2015, 12:20 [IST]
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