Page 19 - Dhfl

DSP Mutual Fund initiates legal action against DHFL to recover dues

Litigation may delay housing financier's resolution plan

DHFL submits debt restructuring plan to core committee of creditors

The restructuring plan submitted by DHFL includes the founder's family reducing its stake and restructuring of loans, said one of the sources aware of details of the plan

Cash-strapped DHFL seeks bankers' approval to restart loan disbursals

Plans to resume lending business from monthly EMI collections

Bajaj Finserv reports flat net profit growth in Q1; total income rises 40%

Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show

DHFL deal with pvt equity fund AION Capital faces hurdles over valuation

Promoters of the company, the Wadhawans, are ready to dilute their stake, which is currently at 39.2%, so that strategic investors get joint or majority control

Raised concerns over financial numbers, loan irregularities: DHFL auditors

Flagging concerns over financial numbers of housing finance company DHFL, auditors of the debt-ridden firm said there were irregularities in granting of certain loans as well. The auditors had raised several red flags around the audited numbers of the fourth quarter ended March 2019. While stating that they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion, the auditors put out several qualifications and disclaimers. "We were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the statement," said DHFL's auditors Deloitte Haskin & Sells and Chaturvedi & Shah said. The auditors had made the remarks in their independent report which is part of the filing submitted to the exchanges on Monday. Both auditors pointed that there were significant deficiencies in the grant and rollover of unsecured borrowings at DHFL and that there had also been other irregularities in the granting of ...

DHFL gains 20% on heavy volumes, rebounds 25% from day's low on NSE

DHFL said the company is in the process of submitting a resolution plan to the lenders and the lenders are expected to give an in-principle approval to the plan by end of July 2019.

DHFL crisis: Insurers seek Irdai nod to be part of inter-creditor agreement

Sources say that insurance companies have already held preliminary talks with Irdai on the matter

Best of BS Opinion: India's moon mission, social outlook are an irony

From DHFL crisis to gender bias in India, Business Standard brings to you opinions and views of experts across the globe

AION Capital may not pick up equity stake in cash-strapped DHFL

Says it's in talks for only retail loan portfolio

Lenders to cash-strapped DHFL ready for haircut in rescue plan: Report

Analysts say the firm may struggle to find buyers for the businesses it wants to sell or attract other investors to raise up to Rs 7,000 crore

Dealing with DHFL

Asset destruction should be minimised

NSE to exclude DHFL shares from equity derivatives segment from Sept 27

On July 13, the debt-ridden firm had posted its biggest-ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31

DHFL recovers after slipping 8%; auditors seek more info on financials

In January this year, there were allegations against the company's management and promoters over end use of certain funds loaned

Auditors sought additional information on crisis-ridden DHFL accounts

The audit committee of DHFL in its board meeting on July 13 asked the management to provide the audited financial results of the company by July 22

MFs differ with banks over DHFL resolution, may opt for the DRT route

A meeting is now scheduled between banks and MFs to find a path that can secure the interests of both sets of players

Crisis-hit DHFL says working closely with creditors to avoid any haircut

The statement comes after the shadow bank warned on Saturday it might not survive as a going concern and reported a net loss of Rs 22.23 billion ($324.19 million) for the March quarter

March quarter loss takes away DHFL investors' last string of hope

As tight liquidity squeezed the housing financier's business, FY19 is the first year of loss in its recent history

Lenders to initiate independent verification of crisis-hit DHFL's numbers

Appoints Alvarez & Marsal to monitor cash flows

Top 10 business headlines: DHFL net loss, Infosys hiring target and more

From DHFL's Q1 numbers to Future Group's top official being held, here are the stories which made to the headlines on Saturday