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DLF has got shareholders approval for raising up to Rs 7,500 crore

The realty major DLF said that its shareholders have approved the resolution for creating charge, lien or pledge on its over 50 percent shares in three subsidiaries, holding rental commercial assets to raise up to Rs 7,500 crore.

DLF said in a BSE filing that the shareholders also approved another special resolution to lease and/or create charge, lien, mortgage, hypothecation, etc exceeding 20 percent of the assets of these three subsidiaries.

The shareholders have approved these resolutions at the annual general meeting of the company held on August 28.

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