The India’s largest real estate company DLF Ltd expects to pare its debt burden of over Rs. 22,500 Crore to less than half in the next 2 years.
As part of the strategy to bring down its total debt to about Rs. 10,000 Crore by the year 2013, the Company is closing in on a few deals of to sell non core assets, including Aman resorts.
The plans are in place to reduce the debt by Rs. 6,000 Crore Rs. 7,000 Crore in the next one and half year (18 months) by selling non-core assets.
In the recent years, DLF Ltd has been selling its non - core assets to bring down its gradually mounting debt.
Along with sale of non - core assets, the firm is also banking on increased revenues to help cut the debt burden.
As part of the strategy to bring down its total debt to about Rs. 10,000 Crore by the year 2013, the Company is closing in on a few deals of to sell non core assets, including Aman resorts.
The plans are in place to reduce the debt by Rs. 6,000 Crore Rs. 7,000 Crore in the next one and half year (18 months) by selling non-core assets.
In the recent years, DLF Ltd has been selling its non - core assets to bring down its gradually mounting debt.
Along with sale of non - core assets, the firm is also banking on increased revenues to help cut the debt burden.
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