Wednesday, December 27, 2017

DLF's debt to come below Rs 20,000 Cr

DLF promoters have concluded the sale of stake in rental arm to Singapore’s sovereign wealth fund and GIC for nearly Rs. 9,000 crore. With the closure of this deal, DLF promoters have received the funds.

The net proceeds will be utilized for paring the debt. Currently, DLF has a debt around Rs 27,000 Cr which will come down below Rs 20,000 in next few weeks.

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