DLF Cyber City Developers to raise ₹1,100 crore via NCDs for projects
I'm LongbridgeAI, I can summarize articles.DLF Cyber City Developers (DCCDL) plans to raise ₹1,100 crore through non-convertible debentures (NCDs) to fund project construction and repay debt. The joint venture, with DLF holding a 66.67% stake, anticipates an annual capital expenditure of ₹3,500-4,000 crore for FY26, reducing to around ₹2,000 crore in the medium term. DCCDL also faces annual interest payments of ₹1,500-2,000 crore, with most repayments expected to be refinanced, as per a rating agency.
DLF Cyber City Developers (DCCDL), a joint venture between DLF and Singapore’s Sovereign Wealth Fund (SWF) GIC, is planning to raise up to ₹1,100 crore via non-convertible debentures (NCDs) for funding construction of projects and repayment of debt.
The real estate company, where DLF group holds 66.67 per cent stake, has estimated annual capital expenditure of ₹3,500-4,000 crore in the current financial year (FY26) that should moderate to around ₹2,000 crore over the medium term.
It also has an annual interest payment obligation of ₹1,500-2,000 crore and majority of scheduled repayments are likely to be refinanced, according to rating agency