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DLF rental arm raises ₹1,100 cr via NCD issue

New Delhi: DLF Cyber City Developers (DCCDL), the rental arm of DLF, has raised ₹1,100 crore through the issuance of non-convertible debentures on a private placement basis, according to a regulatory filing.

“The securities allotment committee of the Board of Directors has approved the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated non-convertible debentures (NCDs) of the face value of 1,00,000/- each on a private placement basis to eligible investors,” the company said.

In November 2021, DCCDL raised ₹1,000 crore through the private placement of listed, secured, and redeemable non-convertible debentures (NCDs) at a 6.7% annual fixed coupon maturing in September 2024.

DLF has developed more than 158 real estate projects and developed in excess of 340 million square feet. DLF has around 215 million square feet of development potential across the residential and commercial segments. The group has an annuity portfolio of over 42 million square feet.

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