DHFL’s bondholders get three-week deadline to be on board with rescue plan
BY: Nupur Anand and Abhirup Roy MUMBAI: Bondholders of troubled shadow lender Dewan Housing Finance Ltd (DHFL) have been given a three-week deadline to decide if they are on board with a rescue plan being evaluated by banks, according to a letter sent by a custodian of DHFL bonds, seen by Reuters. The banks have […]
Lenders to DHFL ready for haircut in rescue: Sources
BY: Swati Bhat and Nupur Anand MUMBAI: Lenders to India’s Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked out for the troubled firm, sources said. The country’s fourth largest housing finance company, which warned on Saturday that its financial situation was grim and business had ground […]