Regulatory

Rs 9,000 crore received by DLF through CCDs

DLF have received Rs 9,000 crore through the issue of Compulsory Convertible Unsecured Debentures (CCDs) which are the share warrants to the promoters.

 

33.97 crore CCDs is being received by the company and promoters have received 13.80 crore share warrants at Rs 217.25 each as according to its previous plan of raising Rs 11,250.

 

Rs 8,250 crore has been received by DLF for the allotment of fully paid CCDs and Rs 750.10 crore for 25% of thd warrant issue pricewhich aggregates in total amount Rs 9,000.10 crore.

 

It has already been approved by the Competition Commission of India regarding the 33.34% stake in DLF Cyber City Developers .

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