DLF surges as its arm approves allotment of NCDs worth Rs 1,150 crore
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DLF is currently trading at Rs. 402.75, up by 10.35 points or 2.64% from its previous closing of Rs. 392.40 on the BSE.
The scrip opened at Rs. 391.05 and has touched a high and low of Rs. 403.70 and Rs. 389.35 respectively. So far 98751 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 429.80 on 18-Jan-2022 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. 403.70 and Rs. 389.15 respectively. The current market cap of the company is Rs. 98851.57 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.70% and 5.35% respectively.
DLF’s material subsidiary company -- DLF Cyber City Developers (DCCDL) has approved allotment of 11,500 Senior, Listed, Rated, Secured, transferable, redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each at a coupon rate of 7.90% p.a. (inclusive of fees) payable on annual basis, with an aggregate principal amount of Rs 1,150 crore on private placement basis, to eligible investor(s).
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.
