DLF to raise INR 11250 crore from promoters

 

DLF board has approved a plan to raise INR 11,250 crore through issue of debentures and share warrants to promoters, which will go into paring its debt.

The company will also offer 17.30 crore shares through either a public issue or private placement.

DLF will also issue 13.80 crore share warrants to promoters.

The board also approved the raising of around Rs 3,500 crore via sale of shares to institutional investors.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com

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