DLF repays Rs 400-cr debt

DLF has repaid Rs 400 crore of debt to lenders, a top company official said. The repayment comes on the back of its stalled commercial and residential projects. The New Delhi-based developer, which owes Rs 14,800 crore to lenders, said it has repaid about Rs 2,000 crore of debt to lenders.

“The debt was paid through internal accruals,” a company official said, declining to give more details. The company’s stock dropped 1.08 per cent to close at Rs 150.85 on the Bombay Stock Exchange on Friday.