Page 16 - Dhfl
Govt to soon order SFIO probe into financial irregularities at DHFL
There is good enough reason to refer the DHFL matter to SFIO, an official said adding, the report indicates fund diversion and siphoning
 "Govt to soon order SFIO probe into financial irregularities at DHFL")
Top headlines: Airtel defers Q2 results, SFIO probe into DHFL, and more
The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon
 "Top headlines: Airtel defers Q2 results, SFIO probe into DHFL, and more")
A health check on India's shadow banks shows the crisis is far from over
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
 "A health check on India's shadow banks shows the crisis is far from over")
Tata MF moves NCLT to recover Rs 120 cr from DHFL, others may go legal too
The next hearing on the matter is expected to be held in the second week of November
 "Tata MF moves NCLT to recover Rs 120 cr from DHFL, others may go legal too")
DHFL audit firm TP Ostwal & Associates comes under Sebi, RBI lens
Ostwal was appointed by DHFL board within days of the Cobrapost expose
 "DHFL audit firm TP Ostwal & Associates comes under Sebi, RBI lens")
Plotting a fantasy: 3 reasons why DHFL's rescue plan is entirely fictional
The only reason the rescue is even being attempted is to delay - as long as possible - the collapse of the large shadow lender Dewan Housing Finance
 "Plotting a fantasy: 3 reasons why DHFL's rescue plan is entirely fictional")
DHFL lenders consider liquidating firm's assets to recover their dues
Lenders are discussing liquidating or buying out the assets of DHFL in lieu of their loan dues
 "DHFL lenders consider liquidating firm's assets to recover their dues")
DHFL-Oaktree deal may not fructify till lenders clear resolution plan
The PE firm is unlikely to budge on the deal until the resolution plan is finalised and implemented by the lenders, says a person aware of the development
 "DHFL-Oaktree deal may not fructify till lenders clear resolution plan")
DHFL crisis: Banks stare at huge provision burden if fraud is established
KPMG did a forensic audit on DHFL. Its draft report has startling findings and says DHFL could have diverted funds to promoter-led entities
 "DHFL crisis: Banks stare at huge provision burden if fraud is established")
KPMG forensic audit finds fund diversion from DHFL to promoter-led entities
The forensic audit report said DHFL could not provide a robust and well-defined tracking mechanism for end-use of funds disbursed by the company
 "KPMG forensic audit finds fund diversion from DHFL to promoter-led entities")
DHFL crisis set to linger on as forensic audit points to fund diversion
The third-largest mortgage lender had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan
Enforcement Directorate probes real estate deal of DHFL associate company
Essential Hospitality sold the office to a firm controlled by ex-Maharashtra CM's son-in-law
ED searches DHFL premises over exposure to firm linked to Iqbal Mirchi
Sources said the ED is examining the financial ties between the non-banking finance company and the Sunblink Developers
Kotak Mutual Fund, Axis MF approach Bombay HC to recover dues from DHFL
As Sebi norms prevent entry into DHFL resolution plan, MFs eye legal route
DHFL, Indiabulls Housing, RCap, RInfra tank over 50% in one month
In the past one month, the S&P BSE Sensex and S&P BSE Midcap index were up 2 per cent and 4 per cent, respectively.
 "DHFL, Indiabulls Housing, RCap, RInfra tank over 50% in one month")
DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns
DHFL said it has no exposure to HDIL and PMC, and cautioned against misleading reports that can trigger panic
 "DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns")
Reports of our exposure to HDIL and PMC Bank are misleading: DHFL
Debt-laden housing financier DHFL on Tuesday said it has no exposure to HDIL and Punjab & Maharashtra Co-operative Bank, and cautioned against misleading reports that can trigger panic. There have been speculations or rumour mongering about DHFL and possible exposure to Housing Development and Infrastructure Ltd (HDIL)/ PMC Bank, it said in a regulatory filing. "DHFL does not have any exposure to either of them. We would urge everyone to be responsible and not report/state anything incorrect and baseless, which can cause panic amongst the stakeholders in DHFL, especially when the company is in discussions with various stakeholders for finalisation of its debt resolution plan," it said. Also, DHFL's promoter family had separated from HDIL promoters in 2008, and the separation was effected formally by a family-separation agreement in April 2010, it said. "Pursuant to this, the promoters of DHFL & HDIL, and HDIL ceased to be promoters of each other's companies," it added. Earlier
Top 10 biz headlines: BPCL privatisation, IRCTC market debut, and more
From government planning to privatise BPCL to IRCTC making stock market debut, here are the top 10 business headlines on Monday
 "Top 10 biz headlines: BPCL privatisation, IRCTC market debut, and more")
 "Bombay HC allows Edelweiss AMC's plea for disclosure of all DHFL assets")
DHFL hits over 10-year low after CDSL freezes promoters' shareholding
DHFL defaulted on multiple commitments after it was in trouble due to the non banking financial companies (NBFC) crisis which started after the fallout of IL&FS.
