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DHFL makes full payment of pending interest on NCDs

Posted On: 2019-06-11 22:17:18

Dewan Housing Finance Corporation Limited (DHFL) in a stock exchange notification today confirmed that the Company has made full payment towards interest payable on Secured Redeemable NCDs issued by way of public issue within the cure period of seven working days. The Company has made interest payments in lieu of Rs. 961 crores as committed to its debenture holders. With this tranche, the company confirms full payment and will seek rating upgrades from agencies.

Since September 2018, the Company has managed to make liabilities payment of over Rs. 36,000 crore without availing any fresh funding from any lender. The Company reaffirms that they are committed to meeting all future debt servicing obligations in a timely manner, through further asset monetisation plans as well as onboarding of a strategic partner for its business.

Shares of DEWAN HOUSING FINANCE CORPORATION LTD. was last trading in BSE at Rs.89.95 as compared to the previous close of Rs. 89.5. The total number of shares traded during the day was 3728837 in over 16943 trades.

The stock hit an intraday high of Rs. 92.8 and intraday low of 86.6. The net turnover during the day was Rs. 333458127.


Source: Equity Bulls

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