DLF’s net debt down 35 pc to Rs 3,416 cr
Realty major DLF’s net debt declined 35 per cent to Rs 3,416 crore during the first quarter of this fiscal on better sales and fund infusion from promoters. According to an investor presentation, DLF’s net debt has come down to Rs 3,416 crore as on June 30, 2019 from Rs 5,283 crore at the end of the last fiscal. “Promoter Infusion of Rs 11,250 crore along with QIP proceeds of Rs 3,173 crore has enabled the residential business to achieve very low levels of leverage. Near term target is to make it…
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