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DLF Cyber City Developers Raise ₹1,100 Crore via NCDs at 6.91% Coupon.                                                                                                                                                             

DLF Cyber City Developers Ltd (DCCDL), the rental arm of realty major DLF, has successfully raised ₹1,100 crore through the private placement of Non-Convertible Debentures (NCDs). The issue, comprising 1,10,000 NCDs, carries a coupon rate of 6.91% per annum, payable quarterly. DCCDL, a joint venture between DLF and Singapore’s sovereign wealth fund GIC, manages a robust commercial portfolio of 44 million sq. ft. across prime cities, including Gurugram. DLF holds a 67% stake in the venture. The fundraising comes on the back of strong financial performance, with DCCDL reporting a 26% year-on-year jump in net profit to ₹593 crore in the June quarter, supported by higher rental income from its premium office and retail assets. Total income during Q1 FY25 rose 12% to ₹1,739 crore. The capital infusion through NCDs reflects strong investor confidence and will further strengthen DCCDL’s position in India’s commercial real estate market.