Realty major DlF plans to raise up to Rs 2,500 crore through issuance of non-convertible debentures for working capital requirements and reducing debt.
The country’s largest realty firm has sought shareholders approval through a special resolution in its annual general meeting scheduled to be held on August 30.
“In order to augment long-term resources for business needs and to reduce reliance on the banking system, the company intends to issue non-convertible debentures (NCDs) up to Rs 2,500 crore,” DlF said in a notice to the shareholders. PTI