DLF gains as its arm raises Rs 500 crore through NCDs
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DLF is currently trading at Rs. 381.55, up by 1.80 points or 0.47% from its previous closing of Rs. 379.75 on the BSE.
The scrip opened at Rs. 379.75 and has touched a high and low of Rs. 383.80 and Rs. 375.00 respectively. So far 151019 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 449.80 on 18-Oct-2021 and a 52 week low of Rs. 294.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 413.15 and Rs. 375.00 respectively. The current market cap of the company is Rs. 94457.89 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.49% and 5.56% respectively.
DLF’s material subsidiary company -- DLF Cyber City Developers (DCCDL) has raised Rs 500 crore through allotment of 5,000 Senior, Listed, Rated, Secured, Redeemable, Transferable, Rupee denominated Non-Convertible Debentures (NCDs) of the face value of 10,00,000 each at a coupon rate of 7.80% p.a. payable on annual basis on private placement basis, to certain eligible investors. Date of maturity of said NCDs will be September 20, 2024.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
