DLF gains on rasing Rs 375 crore via NCDs
Posted on 25th August 2015 |
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Shares of DLF were up over 3% at Rs 100, in an otherwise weak market, after the realty major said it has raised Rs 375 crore through issue of non-convertible debentures. DLF has allotted 12.25% privately placed fully-paid non-convertible debentures of a principal amount of Rs 375 crore (comprising the second tranche out of an overall shelf limit of up to Rs 1,375 crore), redeemable for cash at par in separate series within a period of 4 years 11 months adn 18 days from the date of allotment, the company said in a release. |
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DLF plans to go slow on fresh launches, focus on existing projects
Posted on 14th August 2015 |
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Bengaluru: DLF Ltd, India’s most valuable property developer, is planning to go slow on fresh project launches and focus on finishing existing projects instead, at a time when homebuyers have lost the confidence to invest in under-construction projects, especially in the National Capital Region (NCR). The company also plans to partially monetize its rental portfolio by bringing in long-term investors, the company said in an analyst presentation. |
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DLF raises Rs 1,000 crore through debentures
Posted on 12th August 2015 |
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Realty major DLF has raised Rs 1,000 crore through issuance of non-convertible debentures as part of its strategy to boost internal cash flows. The issuance of non-convertible debentures (NCDs) worth Rs 1,000 crore was completed yesterday, sources said. |
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DLF seeks to leverage subsidiaries to raise up to Rs7,500 crore
Posted on 4th August 2015 |
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Bengaluru: DLF Ltd, India’s most valuable real estate firm, said it will seek board approval to create charge, lien or pledge of more than 50% of the company’s shareholding in three of its units to lenders to raise as much as Rs.7,500 crore. DLF’s annual general meeting (AGM) is scheduled on 28 August. |
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DLF starts phased payment plan in Gurgaon project
Posted on 23rd July 2015 |
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The slow real estate market is now driving even the largest developer DLF to offer a variation of a typical ‘’subvention scheme’’. While companies have been using the scheme as a marketing tool to attract buyers, it is for the first time that DLF is offering such a plan. It’s starting with a 20:20:60 plan for a project in Gurgaon. Although subvention refers to the government paying a certain portion of home loan interest in affordable real estate projects, the industry is using the scheme in different ways to make it easier for the buyer in terms of structuring of payment for the house. |
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DLF in cash chase
Posted on 15th July 2015 |
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New Delhi, July 14 (PTI): Realty major DLF is likely to raise about Rs 2,500-3,000 crore by next month via private equity and is in talks with the Singapore government's investment arm GIC to sell stake in a new housing project here. According to market sources, the company is in an advanced stage of talks with sovereign wealth fund GIC to sell up to a 49 per cent stake in the new residential project in the national capital. The deal is expected to close in the next one month. |
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DLF plans to cut debt by one-third through PE deals, REITs
Posted on 26th June 2015 |
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New Delhi: DLF Ltd, India’s largest real estate developer, plans to cut its debt by a third by raising Rs.7,000 crore through two private equity (PE) deals and two real estate investment trusts (REITs) in the next 18 months, two people aware of the plan said. The company expects to raise Rs.6,000 crore through REITs and Rs.1,000 crore through PE deals, according to both the people, who spoke on condition of anonymity. One of the PE deals will be with Blackstone Group LP, the world’s largest PE firm, and is expected to be finalized by September, said one of the two people. This person is directly involved in the deal negotiations. |
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DT Cinemas changes hands PVR inks Rs.500-crore deal with DLF
Posted on 10th June 2015 |
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PVR Cinemas, on Tuesday, announced the acquisition of multiplex chain DT Cinemas, a subsidiary of real estate developer DLF, on a slump-sale basis for Rs.500 crore. The move is likely to help the company cement its position as country’s largest cinema exhibition firm. A ‘definitive agreement’ was signed post the approval by PVR’s board at a meeting held on Tuesday. PVR, in 2009, had also agreed to buy DT Cinemas but the deal fell through in February 2010. |
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DLF to launch first Reit by current financial year
Posted on 22nd May 2015 |
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The country’s largest property developer DLF is working on launching its first real estate investment trust (REIT) by pooling together its office properties by the end of the current financial year. “Both financial and strategic investors have approached DLF in this regard,” the company said in a presentation. The government has recently issued clarification of minimum alternate tax (MAT), which is expected to give a boost to the launch of REITs. |
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DLF net down over 20%
Posted on 21st May 2015 |
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Leading real estate developer DLF posted a net profit of Rs 172 crore for the quarter ended March 2015, a drop of more than 20 per cent from Rs 220 crore in the same period last year. The company's consolidated revenue declined 17 per cent to Rs 2,101 crore from Rs 2,522 crore in the fourth quarter of the financial year 2014. For the full financial year 2014-15, the company has shown a net profit of Rs 540 crore, down 16 per cent from Rs 646 crore in the previous year. The revenue has also dipped 17 per cent to Rs 8,168 crore for FY15 from Rs 9,790 crore in FY14. |
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