DHFL pays some investor dues, completes stake sale in Aadhar Housing
BENGALURU: Indian mortgage lender Dewan Housing Finance Corp (DHFL) said it has paid the interest and principal on certain debt instruments that was due on Monday and completed the stake sale in Aadhar Housing Finance to an entity backed by Blackstone Group.
DHFL paid Rs 10.02 crore ($1.44 million) in interest on four non-convertible debentures (NCD) and principal of Rs 35 crore on one of them, it said in a filing on Monday.
The payment comes after two major credit ratings agencies – ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil – last week categorised the company's commercial paper at default levels for missing bond payments.
The shadow lender's shares haRead More – Source