DLF may launch QIP in June to raise over Rs 4,000 crore
Updated : April 30, 2018 08:05 AM IST
The company is planning to launch QIP in June and is looking to raise Rs 4,000-4,500 crore, which will be used to repay its loan and become debt-free by March 2019.
DLF had a net debt of Rs 5,513 crore. The net debt of its JV firm DLF Cyber City Developers Ltd (DCCDL) stood at Rs 16,074 crore.
The debt from its commercial real estate business has been reflected in the books of DCCDL, which holds the bulk of rent-yielding commercial assets.
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