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DLF IT Offices Chennai, a wholly-owned subsidiary of DLF, has sold land admeasuring 4.67 acres situated in Chennai to Cholamandalam Investment and Finance Company, for Rs 735 crore.
In a separate regulatory filing, the company informed that the board of directors of DLF Home Developers (DHDL), a wholly-owned material subsidiary, has inter-alia, considered and approved the proposal for raising of funds by way of issuance of senior, secured, rated, listed, redeemable, guaranteed, rupee denominated non-convertible debentures (NCDs) for an aggregate principal amount of up to Rs 600 crore on a private placement basis.
