Markets

DHFL Turstee assures investors of interest payments

Pune-based Catalyst Trusteeship, the custodian of DHFL bonds Wednesday wrote to investors assuring interest payments within seven days.

The Interest payment in respect of Public issue of NCDs was due for payment on Tuesday, it said.

"In this respect we have been informed by DHFL that out of the amount of Rs. 961 Cr due for payment, only Rs. 30 Cr could be paid on June 4 and the balance amount of Rs. 931 Cr will be paid within period of seven days, being the cure period as per the Trust Deed."

Dewan Housing Finance Tuesday did not pay interest on bonds sold last year.

The move prompted rating companies like CrRead More – Source
[contf] [contfnew]

ET Markets
[contfnewc] [contfnewc]

Related Posts