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DHFL clears Rs 962-crore NCD interest payment within a week of default

.. ! Wednesday 12th June 2019 .

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DHFL has paid the interest towards a total of 12 debt instruments (ncds) amounting to Rs 961.95 crore which were due for payment on June 4, 2019, according to the filing. This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd (Aadhar).

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 · DHFL clears Rs 962-crore NCD interest payment within a week of default Mamata Banerjee unveils Vidyasagar bust, statue; says 8 tmc workers among 10 killed in post-poll clashes KMC Calendar June 2019

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dhfl ncd Dewan Housing Finance Corporation Limited; a deposit-taking housing finance company is registered with the NHB and focuses on providing financing products for the LMI segment in India primarily in Tier II and Tier III cities and towns.

 · DHFL has paid the interest towards a total of 12 debt instruments (NCDs) amounting to Rs 961.95 crore. MUMBAI: Dewan Housing Finance (DHFL) has cleared pending interest dues on bonds it had sold last year, scotching speculation that a default was likely on the payments that were otherwise scheduled before the Eid festival earlier this month.

 · NEW DELHI: DHFL will use the Rs 500 crore it got from selling stake in subsidiary firm Aadhar Housing Finance Limited towards payment of bonds, sources said Tuesday.

#Headlines #TopStories | DHFL likely to miss payment deadline for Rs 1,150 cr due on NCDs but #DHFL says taking all steps necessary to ensure payment fallen due by way of interest is paid within 7 days. There has been a delay, and not default (in NCD Interest payment).

DHFL clears Rs 962-crore NCD interest payment within a week of default The report also noted that the dues were paid within a 7-day grace period given to the company.

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