Money & Banking

DHFL defaults on ₹104-cr payments

Our Bureau Mumbai | Updated on September 17, 2019 Published on September 17, 2019

Financially-stressed Dewan Housing Finance Corporation (DHFL) has defaulted on principal and interest payments on NCDs aggregating to ₹104.54 crore. These NCDs were issued to a single investor. DHFL, in a stock exchange notice, said the gross principal amount on which the above-mentioned default occurred is ₹100 crore. These 10-year secured NCDs carry a coupon of 10.05 per cent.

Also, the housing finance company defaulted on interest amount of ₹9.43 crore on another NCD series issued to a single investor. The gross principal amount on which this default occurred is ₹100 crore. These 10-year secured NCDs carry a coupon of 9.40 per cent. Further, DHFL defaulted on interest payments aggregating ₹43 lakh on NCDs carrying four unique international securities identification numbers (ISINs), which were issued to 3,404 investors via a public issue.

Published on September 17, 2019
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