DLF raises 500 kroner via NCD edition – Business News

Real estate firm DLF said on Thursday that it had raised Rs 500 million through the issuance of non-convertible debentures (NCDs) to investors. In a regulatory filing, DLF reported that the allotment committee had assigned 5,000 older, secured rating-listed non-convertible debentures (NCDs), with a face value of 10 Rhs each.

The mandate of the NCD is three years, and the coupon rate is 8.25 percent. NCDs will be listed on the BSE.

Last week, the finance committee of the board of directors approved the collection of up to 500 crowns by issuing NCDs on private placement in one or more tranches to certain qualified investors.

The company has not revealed where it will use the proceeds from the release.

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