DLF to save Rs 175 crore a year as promoters cut CCPS coupon rate

Last week, DLF promoters deferred till March 2016 conversion of the compulsorily convertible preference shares held in DLF's arm DLF Cyber City Developers Ltd. Promoters also slashed the coupon rate from 9 per cent to 0.01 per cent.



from Real Estate-Wealth-The Economic Times http://ift.tt/1CrrnJn