Crisis-hit DHFL makes partial payment of Rs 150 crore for commercial papers

Says will pay the balance in next two days once cash position improves

Crisis-hit mortgage lender Dewan Housing Finance (DHFL) made partial payment of Rs 150 crore for its unsecured commercial papers (CPs) that matured on Tuesday. The housing finance company (HFC) managed to settle 40 per cent of the Rs 375 crore that was up for maturity.

In its exchange note, the company said that it would pay the 'default' amount of Rs 225 crore over the next couple of days once the surplus cash flow position improves.  

While it couldn't be ascertained which investors managed to get their dues, data showed that mutual funds (MFs) had Rs 190 crore exposure to