DLF wants its development arm to have zero net-debt
The company's consolidated net debt stands at ?27,000 crore. Of this, ?14,000 crore is now part of the rental arm DCCDL, in which GIC has been inducted as a partner, and ?13,000 crore is on the books of the development arm.
Of the development arm debt, ?9,000 crore will be repaid through funds infused by promoters, while the balance will be repaid over the next 3-4 quarters.
25 Jan, 2018