DLF shareholders approve issue of debentures

DLF stock was up by 1% at Rs. 250 after shareholders approved an issue of debentures and warrants to promoters in lieu of INR 11,250 crore equity infusion into the company.

Report says that shareholders, approved company’s plan to sell shares through public issue or private placement to institutional investors.

The company is planning to raise more than INR 3,500 crore through this process, says report.

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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.