DLF gains on raising Rs 500 crore via NCD
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DLF is currently trading at Rs. 282.15, up by 5.10 points or 1.84% from its previous closing of Rs. 277.05 on the BSE.
The scrip opened at Rs. 282.15 and has touched a high and low of Rs. 283.00 and Rs. 277.05 respectively. So far 164862 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 332.60 on 04-Mar-2021 and a 52 week low of Rs. 121.95 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 302.65 and Rs. 270.05 respectively. The current market cap of the company is Rs. 69382.99 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 20.08% and 4.97% respectively.
DLF has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. The allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure of the NCDs is three years and the coupon rate is 8.25 per cent. The NCDs will be listed on the BSE.
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.
