Realty company DLF, on Thursday, announced that it had reduced its net debt by Rs. 861 crore to Rs. 19,508 crore and reported a 28 per cent fall in consolidated net profit at Rs. 100.05 crore in the second quarter.
The company also announced plans raise Rs. 1,000 crore through launch of first Commercial Mortgage Backed Security (CMBS) by end of November as part of strategy to reduce interest cost. The company, in a statement said, it would achieve the sales booking target of Rs. 6,000 crore in 2013-14 and further cut debt by Rs. 2,000 crore to Rs. 17,500 crore by March end.
