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ICRA upgrades credit ratings on bank facilities of DLF's subsidiary; Stock soars 2%

DLF Cyber City Developers Limited (DCCDL) is a material subsidiary of DLF.

March 17, 2022 10:24 IST | India Infoline News Service
DLF1
DLF Ltd has informed that ICRA based on a review of the latest developements has upgraded its long-term rating on the Banking Facilities and Non-convertible Debentures (NCDs) of DLF Cyber City Developers Limited (DCCDL), a material subsidiary of the Company to ICRA “AA” Stable from ICRA “AA-"(Minus) Stable.

On Thursday at around  10:27 AM, DLF was trading at Rs362 apiece up by Rs6.65 or 1.87% on the BSE.

The scrip touched an intraday high at Rs364.10 per piece today. The current market cap of the company is Rs87,960.20cr.

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