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DLF on a Fund Raising Spree

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DLF which is a mega realty luminary in India is playing a vital role to obtain INR 1,500 Crores by coming out of various projects, selling the lands and obtaining the refund from the Haryana Government. As per the sources saying at www.propertykhazanacom, the company is interested in obtaining the assets at a reasonable price and has already raised INR 175 Crores in the coming three months to the total of INR 1,250 Crores approx during the first nine months. The planner said that the ability to obtain approx INR 1,200 Crore as refund from Haryana government is there. DLF is interested to sell the wind power because of the business which will go up on a good note. DLF has stressed on the fact that they have offer of INR 1,200 Crores in the pipeline.
According to the records at www.propertykhazana.com, the wind power is generating about approx 170 Crores as revenue and returns is approx 16%. Executive Director DLF, Finance said, “The need of the hour is to improve the business with the help of the returns which we are getting”. The company has inked the deal with DDA for Dwarka Project which is approx INR 950 Crores.
The developer has been able to cut the cost of debt from 12%approx in December 2008 to 11% in December 2009. The plan of combining DLF Assets Ltd (DAL) with the DLF is to be completed and there would be listing in Singapore Stock Exchange (SSE). Furthermore, in the last nine months the DLF has approx received INR 3,500 Crores from DAL and has played a vital role to reduce the debt. For more information please log on to www.propertykhazana.com.
Source: NBTVLIVE

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