DLF-led material subsidiary allots NCDs for Rs1,150 crore

DLF Cyber City Developers Limited (‘DCCDL’), a material subsidiary of DLF Limited, has approved allotment of NCDs worth Rs1150 crore.

As per the regulatory filing, the mataerial subsidiary’s board of directors has approved the allotment of 11,500 Senior, Listed, Rated, Secured, transferable, redeemable Non-Convertible Debentures (NCDs) of the face value of Rs10,00,000/- each at a coupon rate of 7.90 % p.a. (inclusive of fees) payable on annual basis, with an aggregate principal amount of Rs1,150 crore on private placement basis, to eligible investors.

At around 9:15 AM, DLF Ltd is currently trading at Rs393.10 per share up by Rs0.7 or 0.18% from its previous closing of Rs392.40 per share on the BSE.

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