+
DLF's rental arm DCCDL raises through issue of debentures
Real Estate

DLF's rental arm DCCDL raises through issue of debentures

DLF's rental subsidiary, DLF Cyber City Developers Ltd (DCCDL), has successfully raised Rs 1,100 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This development was disclosed in a regulatory filing by DLF, which highlighted that the DCCDL board has given its approval for the allotment of these debentures.

The securities allotment committee of the Board of Directors at DCCDL has sanctioned the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated NCDs. These NCDs have a face value of Rs 1 lakh each and were issued on a private placement basis to eligible investors.

The total issue size amounts to Rs 1,100 crore, and these NCDs will be listed on the BSE (Bombay Stock Exchange). The coupon rate for the NCDs is set at 8.25% per annum, with a maturity date of August 17, 2033.

DCCDL is a joint venture between DLF and the Singapore sovereign wealth fund GIC. DLF holds a 66.67% stake in DCCDL, while GIC possesses a 33.33% stake in the joint venture. Notably, DLF primarily holds its rental assets, comprising offices and shopping malls, through DCCDL. DCCDL boasts rent-yielding office and retail properties spanning approximately 40 million square feet, generating an annual rental income of approximately Rs 4,000 crore.

In summary, DLF's rental arm, DCCDL, has raised Rs 1,100 crore by issuing NCDs on a private placement basis, with these securities set to be listed on the BSE. This financial move is in line with DLF's strategy to manage its rental assets effectively through DCCDL, in collaboration with its partner GIC.

DLF's rental subsidiary, DLF Cyber City Developers Ltd (DCCDL), has successfully raised Rs 1,100 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This development was disclosed in a regulatory filing by DLF, which highlighted that the DCCDL board has given its approval for the allotment of these debentures. The securities allotment committee of the Board of Directors at DCCDL has sanctioned the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated NCDs. These NCDs have a face value of Rs 1 lakh each and were issued on a private placement basis to eligible investors. The total issue size amounts to Rs 1,100 crore, and these NCDs will be listed on the BSE (Bombay Stock Exchange). The coupon rate for the NCDs is set at 8.25% per annum, with a maturity date of August 17, 2033. DCCDL is a joint venture between DLF and the Singapore sovereign wealth fund GIC. DLF holds a 66.67% stake in DCCDL, while GIC possesses a 33.33% stake in the joint venture. Notably, DLF primarily holds its rental assets, comprising offices and shopping malls, through DCCDL. DCCDL boasts rent-yielding office and retail properties spanning approximately 40 million square feet, generating an annual rental income of approximately Rs 4,000 crore. In summary, DLF's rental arm, DCCDL, has raised Rs 1,100 crore by issuing NCDs on a private placement basis, with these securities set to be listed on the BSE. This financial move is in line with DLF's strategy to manage its rental assets effectively through DCCDL, in collaboration with its partner GIC.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code