Page 18 - Dhfl

ED searches DHFL premises over exposure to firm linked to Iqbal Mirchi

Sources said the ED is examining the financial ties between the non-banking finance company and the Sunblink Developers

Kotak Mutual Fund, Axis MF approach Bombay HC to recover dues from DHFL

As Sebi norms prevent entry into DHFL resolution plan, MFs eye legal route

DHFL, Indiabulls Housing, RCap, RInfra tank over 50% in one month

In the past one month, the S&P BSE Sensex and S&P BSE Midcap index were up 2 per cent and 4 per cent, respectively.

DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns

DHFL said it has no exposure to HDIL and PMC, and cautioned against misleading reports that can trigger panic

Reports of our exposure to HDIL and PMC Bank are misleading: DHFL

Debt-laden housing financier DHFL on Tuesday said it has no exposure to HDIL and Punjab & Maharashtra Co-operative Bank, and cautioned against misleading reports that can trigger panic. There have been speculations or rumour mongering about DHFL and possible exposure to Housing Development and Infrastructure Ltd (HDIL)/ PMC Bank, it said in a regulatory filing. "DHFL does not have any exposure to either of them. We would urge everyone to be responsible and not report/state anything incorrect and baseless, which can cause panic amongst the stakeholders in DHFL, especially when the company is in discussions with various stakeholders for finalisation of its debt resolution plan," it said. Also, DHFL's promoter family had separated from HDIL promoters in 2008, and the separation was effected formally by a family-separation agreement in April 2010, it said. "Pursuant to this, the promoters of DHFL & HDIL, and HDIL ceased to be promoters of each other's companies," it added. Earlier

Top 10 biz headlines: BPCL privatisation, IRCTC market debut, and more

From government planning to privatise BPCL to IRCTC making stock market debut, here are the top 10 business headlines on Monday

Bombay HC allows Edelweiss AMC's plea for disclosure of all DHFL assets

Shares tumble 10%

DHFL hits over 10-year low after CDSL freezes promoters' shareholding

DHFL defaulted on multiple commitments after it was in trouble due to the non banking financial companies (NBFC) crisis which started after the fallout of IL&FS.

DHFL promoters' holding frozen for delay in first quarter results

However, sources close to DHFL said the company is going to declare its results in few days and is arranging a board meeting for the purpose

CDSL freezes DHFL promoters' holding over delay in announcing Q1 results

Leading depository CDSL has frozen shareholding of debt-ridden mortgage lender DHFL's promoters because of delay in announcement of the company's financial earnings, sources said on Monday. The decision has been taken after the company failed to announce its first quarterly results, they said. However, sources close to Dewan Housing Finance Corporation Ltd (DHFL) said the company results are expected to be announced in next few days, for which the board meeting is expected to be called for, they added. DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy, has defaulted on multiple commitments. The Wadhawan family, which owns a little over 39 per cent in the DHFL, has been looking at various ways of coming out of the stress. These include selling stakes in group entities, including in the flagship to the extent of giving up half of their stake. Sources on Monday said CDSL, which allows investors to deposit securities

'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks

As lenders stop new credit, builders are forced to offload properties

Second wave of NPAs? SBI, BoB, YES Bank could be hit, says Jefferies

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL

Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

Can a land bank be the solution to India's huge shadow bank crisis?

India's banks are rapidly losing faith in the shadow financiers that lend to property builders

BS Fund Manager: Can mutual funds win back the confidence of investors?

Given the recent credit events and equity market volatility, the going may not be easy for fund houses

DHFL appoints former SBI executive Vajinath Gavarshetty as new CEO

Shareholders vote on debt conversion plan at the AGM on Saturday

DHFL floats draft resolution plan; proposes conversion of debt into equity

Debt ridden mortgage lender DHFL floated a draft resolution plan under which it proposes to convert debt into equity, subject to approval of investors and bankers. The Wadhawan family, who owns a little over 39 per cent in the company, has been looking at various ways of coming out of the stress which first came to light late last year following the IL&FS bankruptcy. These include selling stakes in group entities, including in the flagship to the extent of giving up half of their stake. The company on September 27 held a meeting to present the Draft Resolution Plan to all its institutional creditors including banks, financial institutions, mutual funds, insurance companies and other institutional bond holders, and to apprise them of the various steps required to be undertaken to implement the Resolution Plan, DHFL said in a filing to stock exchanges on Saturday. Assuming a price of Rs 54 per share for debt conversion into equity by lenders to acquire 51 per cent in the company, i

New framework to bail out stressed financial companies likely today

Sources said the regulators would identify the companies that would come under the new mechanism and require a lifeline

DHFL trades lower for fourth straight day, declines 13%

The stock slipped 13 per cent to Rs 41 and was trading close to its 52-week low of Rs 37 touched on August 23, 2019.

NBFC crisis: Now, DHFL, Altico Capital default on bond repayments

The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing