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DLF Cyber City Developers Ltd raises Rs. 1000 crore

DLF Cyber City Developers Ltd raises Rs. 1000 crore
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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DLF expects office leasing recovery by FY 23

DLFs newly appointed chief executive, Ashok Tyagi, said the rental portfolio would be ready to be listed as a real estate investment trust (REIT) in the next four quarters, and that the decision on the REITs listing would be made by DLF and its partner in DCCDL, Singapore sovereign fund GIC, based on the market situation. ....

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DLF plans to raise up to Rs 500 cr through issue of NCDs

DLF plans to raise up to Rs 500 cr through issue of NCDs
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The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum.
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Thr company is also restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment.
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DLF said it plans to raise Rs 500 crore through issue of non-convertible debentures (NCDs).
“The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum with an aggregate principal amount of up to Rs500 crores on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under the applicable laws,” it said in a stock exchange filing. ....

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DLF Cyber City Developers picks 51.8% stake in Fairleaf Real Estate

DLF Cyber City Developers picks 51.8% stake in Fairleaf Real Estate
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DLF's rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr

DLF s rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr
ANI |
Updated: Feb 19, 2021 10:50 IST
New Delhi [India], February 19 (ANI): Real estate major DLF Group s rental arm DLF Cyber City Developers Ltd (DCCDL) has acquired 51.8 per cent stake in Fairleaf Real Estate Pvt Ltd for Rs 780 crore.
In December last year, DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf.
Hines owned and operated One Horizon Centre in Gurugram, an iconic asset forming part of the larger mixed use development located in one of the most sought-after location at DLF 5 in Gurugram with a leasable area of 8.13 lakh square feet, offering high-end grade-A office spaces along with complimentary retail space. ....

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