Also question is, can Dhfl survive?
It is no secret that Dewan Housing Finance Corp. Ltd (DHFL) is running out of oxygen to survive and its stock has already collapsed after the company indicated its days could be numbered. The company's shares fell 29% on Monday after it reported huge losses for Q4.
One may also ask, is there any problem in Dhfl? DHFL has been facing a liquidity crisis since September 2018. According to the company's filing in the exchanges, it has paid over Rs 41,000 crores to meet its financial obligations during this period---mainly through a combination of securitisation of assets and repayment collections.
Beside this, will Dhfl bounce back?
DHFL lenders aim to recover the entire loss arising from fraudulent transactions. “We aim to recover the entire loss due to fraudulent transactions. We are hopeful that entire process should be completed by December, 2020,” a senior bank official told FE.
What will happen to Dhfl NCD?
NEW DELHI: DHFL has defaulted on payment of Rs 50 crore on bonds, saying the company is not in a position to make payments to the lenders as it is under moratorium since last November. The payments to the lenders or NCD holders remain in abeyance and will be subject to the outcome of the CIRP process, it added.
