NIFTY MARKET PREDICTION FOR TODAY BY MARKETMAGNIFY

DLF will raise Rs 3,000-3,500 crore via commercial mortgage-backed securities, reports CNBC-TV18 quoting unnamed sources. It hired Credit Suisse for the same, say sources. It is learnt that the realty major will issue mortgage securities against its IT SEZ portfolio of 12 million square feet. DLF recently raised Rs 900 crore via similar route from two malls. It will use proceeds to improve balance sheet and access cheaper debt, say sources.

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