 "DLF may trim Rs 3,000 cr debt this year")
New Delhi: DLF Ltd, India’s largest listed property firm, plans to pare its debt by Rs 2,500-3,000 crore ($547-$656 million) in the current fiscal year to end-March 2012, the Business Standard reported on Tuesday, citing a senior company executive. [caption id=“attachment_66905” align=“alignleft” width=“380” caption=“DLF is planning to divest non-core assets to raise funds. Reuters”]  [/caption] DLF , which had a net debt of Rs 21,524 crore at the end of June, is planning to divest non-core assets to raise funds and has previously said it plans to divest assets worth Rs 6,000-7,000 crore over the next two-to-three years. DLF expects to sell its stake in luxury hotel chain Aman Resorts by the end of this financial year, Group Executive Director Rajeev Talwar told the newspaper. The paper said DLF would, however, hold on to Aman’s Delhi property. Reuters
New Delhi: DLF Ltd, India’s largest listed property firm, plans to pare its debt by Rs 2,500-3,000 crore ($547-$656 million) in the current fiscal year to end-March 2012, the Business Standard reported on Tuesday, citing a senior company executive. [caption id=“attachment_66905” align=“alignleft” width=“380” caption=“DLF is planning to divest non-core assets to raise funds. Reuters”]  [/caption] DLF , which had a net debt of Rs 21,524 crore at the end of June, is planning to divest non-core assets to raise funds and has previously said it plans to divest assets worth Rs 6,000-7,000 crore over the next two-to-three years.
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