India: DLF’s debt woes to linger as stake sale deal gets delayed

India: DLF’s debt woes to linger as stake sale deal gets delayed

Photo: Ramesh Pathania/Mint

India’s largest property developer DLF Ltd, which saw its net debt rise by Rs1,021 crore to Rs23,530 crore in the September quarter, may see further pile-up in debt as residential cash flows will get impacted due to demonetisation, continuing construction spend and delay in the critical stake sale transaction.

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