Realty major DLF's net debt rose by Rs 633 crore to reach nearly Rs 21,600 crore at the end of the April-June quarter but the company said it is looking to raise private equity funds at project level to reduce debt.
Shares of rate sensitive sectors such as realty, banking and auto were trading higher after the Wholesale Price Index (WPI) extended its deflationary trend for ninth successive month, raising hopes that the Reserve Bank of India (RBI) may lower key
Stocks of realty major DLF advanced by over six per cent on Wednesday, as the company seeks shareholders' approval to raise up to Rs 7,500 crore. The stock ended the day with a gain of 5.95 per cent at Rs 122 on the BSE.
Realty major DLF is seeking shareholders' approval to create charge, lien or pledge on its over 50 per cent shares in three subsidiaries, which holds rental commercial assets, for raising up to Rs 7,500 crore.
The slow real estate market is driving large developers to offer a staggered payment plan. The latest is DLF. While realtors have been extensively using the scheme as a marketing tool to attract buyers, DLF has rarely done so.
Unfazed by the notice of state land acquisition agency, Odisha Industrial Infrastructure Development Corporation (Idco) to resume land, real estate major DLF Ltd has hit back, terming the missive 'wrongful and illegal'.
After moving the Supreme Court against DLF, the Securities and Exchange Board of India (Sebi) has filed an appeal before the apex court against the realty major’s directors, challenging a tribunal order in the matter of violation of disclosure norms
In line with its strategy to divest non-core assets, the country’s largest real estate player DLF on Tuesday said it has entered into an agreement with PVR to sell off its exhibition business DT Cinemas on a slump sale basis for about Rs 500 crore.
Real estate major DLF Ltd has been directed to pay nearly Rs 80 crore to a private company for rescinding from an agreement for construction and sale of a tower in Gurgaon, by an Arbitral Tribunal which said it breached contractual obligations to make
Realty major DLF has kept the new sales bookings target for this financial year at last year's level of about Rs 4,000 crore as the company feels that it would take at least 12 months for housing sales to improve.