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Shares of troubled mortgage lender Dewan Housing Finance Corp Ltd (DHFL) are down 7 per cent at ₹45.6.
The company said in a statement, on Monday, that it has defaulted with regard to interest payment of bonds and commercial papers worth ₹1,571 crore. DHFL has been unable to fulfil its obligations towards debt repayment in the recent past.
Read more:DHFL defaults again on bond repayments of over ₹1,500 cr
Around 8 million shares change hands in early trade, 9.2 times their 30-day average of 852,006. As of last close, stock down 80.3 per cent this year. At 10.35 am, the stocks of DHFL were trading 5.50 per cent at ₹46.35.
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