Realty major DLF’s rental arm DCCDL has raised Rs 1,100 crore through an issue of non-convertible debentures on a private placement basis.

In a regulatory filing on Tuesday, DLF informed that the securities allotment committee of the Board of DLF Cyber City Developers Ltd (DCCDL) has approved allotment of 1,10,000 Non-Convertible Debentures (NCDs) for an aggregate principal amount of Rs 1,100 crore on a private placement basis to eligible investors.

These NCDs have been issued at a coupon rate of 6.91 per cent per annum payable quarterly. The DCCDL is a joint venture between DLF and Singapore’s sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm.

DCCDL has a total operational portfolio of 44 million sq ft of commercial spaces (office and retail) across various c

See Full Page