Page 22 - Dhfl

Bank of Baroda down 1% post report of Rs 3,000 cr loan purchase from DHFL

Since BoB had an exposure of close to Rs 6,500 crore to DHFL, this will be pared by a little less than Rs 3,000 crore, the report added.

DHFL lenders to meet today to seek resolution to Rs 90,000-crore debt

Lenders of troubled NBFC DHFL are scheduled to meet Monday, seeking a solution for the Rs 90,000 crore debt that is owed to them. The consortium of 30 lenders led by state-run Union Bank of India, which includes banks and other financial institutions, may also consider conversion of debt into equity that can make them the largest shareholder in the mortgage lender, sources said over the weekend. The debt recast plan will be arrived at as per the RBI's revised circular on resolving asset quality stress, they said. The circular gives lenders a 30-day period since default to arrive at a debt recast plan. DHFL's promoter group, the Wadhawan family which owns over 39 per cent of the firm, has been looking at various ways of coming out of the stress which first came to light late last year following the IL&FS crisis. These include selling stakes in group companies, while they are also reportedly fine with giving up half of their stake in the listed company. According to .

DHFL promoters sell stake in wealth management business to employees

In a separate transaction, LGT group, global private banking and asset management firm, has acquired a substantial majority stake in the Validus Wealth

DHFL promoters ready to sell controlling stake to global PE funds

Firm plans to raise Rs 7,000-8,000 cr of fresh equity capital

DHFL gets Sebi nod for exiting MF arm, sell its stake to JV partner

As per regulatory norms, fund house will have to give load-free exit window to investors; expets advise staying put in order to look for recovery

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

DHFL lenders to meet in early July to hammer out a rescue package

Extension of loan tenure, fresh working capital, and induction of new management on agenda

DHFL promoters may sell half their stake; Wadhawan could give up MD post

The promoters have also roped in PE firm Oaktree, which is undertaking due diligence to consider taking over part of DHFL's wholesale loan portfolio of Rs 10,000-12,000 crore

DHFL pays Rs 962 cr towards non-convertible debentures within cure period

The company added that since September 2018, it has managed to make liabilities payment of over Rs 36,000 crore without availing of any fresh funding from any lender

DHFL, Reliance Capital using 'box firms' to avoid disclosures: Report

DHFL, Reliance Capital use the structure to avoid disclosures: REDD Intelligence

Auditors ask Dewan Housing additional queries on fund deployment

DHFL received clean chit from independent audit firm in March on Cobrapost allegations on fund diversion

Micro housing finance companies choke on acute fund crunch post DHFL crisis

In the last few months, many micro housing companies had already shrunk their lending operations by 40-45% in the absence of funding

DHFL aims to clear all dues by the end of 'cure period', rescale business

According to a company source, the group will repay the dues by Thursday, even as its Managing Director and Chief Executive Officer Kapil Wadhawan said payments will be made on Monday

DHFL crisis: NBFC stocks stare at a difficult path to retain investor faith

With many uncertainties gripping the sector, brokerages such as Normura, CLSA, Credit Suisse, and Morgan Stanley prefer banks over NBFCs

Exit or hold? What you should do if your mutual fund is exposed to DHFL

Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor

DHFL impact: Partial relief for some MFs; BNP Paribas, Reliance get dues

The dues were pending since Tuesday (June 4), when these papers matured

DHFL impact pinches FMP investors; UTI MF takes 100% markdown

Close to a dozen FMPs of Reliance MF and UTI MF - which have exposures to DHFL - are maturing in the next three months

Why Modi govt should plan mega-bailout of distressed financial industry now

The latest casualty is Dewan Housing Finance Corp, which missed payments due June 4 and had its short-term credit rating cut to default at the local affiliate of S&P Global Ratings

Fear of contagion looms over financial sector after DHFL's payment default

Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs

Mutual fund industry in a tizzy over DHFL fallout, halts fresh inflows

AMCs announce 'side pocketing' for schemes with DHFL exposure