In a filing to the BSE, DLF said, "allotted 12.25 percent privately placed fully-paid non-convertible debentures of a principal amount of Rs 375 crores...redeemable for cash at par in separate series within a period of 4 years 11 months and 18 days from the date of allotment".
These debentures would be secured by certain immovable assets of DLF's wholly owned subsidiary and listed on BSE.
In March, Securities Appellate Tribunal (SAT) quashed a three-year ban imposed on the company by the Securities and Exchange Board of India (Sebi).
Since last three-four years, DLF has been raising funds through sale of non-core businesses and land parcels to cut debt and boost cash flows for meeting construction costs. It has raised over Rs 10,000 crore through these measures.

The company is also planning to launch two Real Estate Investment Trusts (REITs) this fiscal to monetise its rent- generating commercial assets.


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