DLF debt swells ~900 cr in Q2 to ~26,800 cr

Net debt of DLF rose by ~900 crore during the September quarter to ~26,800 crore, and the borrowing could rise further to meet construction cost. The country’s largest realty firm expects to reduce its debt significantly from the proposed infusion of over ~13,000 crore into the company by the end of this fiscal, mainly from promoters' stake sale to GIC. Net debt increased to ~26,799 crore as on September, from ~25,899 crore at the end of the previous quarter, DLF said.