Page 20 - Dhfl

'Substantially impaired': The reason DHFL fears it may not survive

DHFL, one of India's largest housing finance companies, said it's 'undergoing substantial financial stress' and its ability to raise funds is 'substantially impaired'.

DHFL net loss zooms in March qr on higher provisioning of Rs 3,280 cr

Results are unaudited, to publish audited numbers by July 22

Board of cash-strapped DHFL meet today to finalise FY19 accounts

DHFL informed the stock exchanges that the audit of the company's standalone and consolidated accounts was in progress

Cash-strapped DHFL gets 7 days to finalise and present a resolution plan

The resolution plan will also entail additional lines of credit from the consortium

Lenders to cash-starved DHFL likely to finalise resolution plan today

The resolution process will entail an additional line of credit facility for DHFL

Crisis-hit DHFL headed for more trouble, auditors may decide to resign

Sources say the auditors may decide to resign ahead of the board meeting

DHFL crisis: Lenders to meet Thursday to discuss resolution plan

At the July 1 meeting, lenders had decided to sign the inter-creditor agreement by July 5 but could not do so yet

Lenders to crisis-hit DHFL lay down conditions for promoters

DHFL has sold as much as Rs 41,000 crore of its Rs 78,000-crore retail loan portfolio to banks and others

Letter to BS: More power to RBI to regulate housing finance is welcome

The NBFCs must make arrangements to improve the liquidity position to prevent further defaults

Cash-starved DHFL likely to get fresh line of credit from lenders

The consortium of lenders led by Union Bank of India discussed various modalities to ensure that their exposure to DHFL doesn't run into further stress

Lenders to crisis-hit DHFL agree to sign inter-creditor agreement by July 5

Private capital firms like AION Capital, joint venture between ICICI Venture and Apollo Capital Management, and Lone Star are amongst players looking for a stake in DHFL

DHFL crisis: Bankers to enter into inter-creditor agreement by July 5

The lenders also took stock of the month-end and quarter-end cash flow situation of the company whose promoters are talking to investors to pare stake to generate cash

Bank of Baroda down 1% post report of Rs 3,000 cr loan purchase from DHFL

Since BoB had an exposure of close to Rs 6,500 crore to DHFL, this will be pared by a little less than Rs 3,000 crore, the report added.

DHFL lenders to meet today to seek resolution to Rs 90,000-crore debt

Lenders of troubled NBFC DHFL are scheduled to meet Monday, seeking a solution for the Rs 90,000 crore debt that is owed to them. The consortium of 30 lenders led by state-run Union Bank of India, which includes banks and other financial institutions, may also consider conversion of debt into equity that can make them the largest shareholder in the mortgage lender, sources said over the weekend. The debt recast plan will be arrived at as per the RBI's revised circular on resolving asset quality stress, they said. The circular gives lenders a 30-day period since default to arrive at a debt recast plan. DHFL's promoter group, the Wadhawan family which owns over 39 per cent of the firm, has been looking at various ways of coming out of the stress which first came to light late last year following the IL&FS crisis. These include selling stakes in group companies, while they are also reportedly fine with giving up half of their stake in the listed company. According to .

DHFL promoters sell stake in wealth management business to employees

In a separate transaction, LGT group, global private banking and asset management firm, has acquired a substantial majority stake in the Validus Wealth

DHFL promoters ready to sell controlling stake to global PE funds

Firm plans to raise Rs 7,000-8,000 cr of fresh equity capital

DHFL gets Sebi nod for exiting MF arm, sell its stake to JV partner

As per regulatory norms, fund house will have to give load-free exit window to investors; expets advise staying put in order to look for recovery

Crisis-hit DHFL makes partial payment of Rs 150 crore for commercial papers

Says will pay the balance in next two days once cash position improves

DHFL lenders to meet in early July to hammer out a rescue package

Extension of loan tenure, fresh working capital, and induction of new management on agenda

DHFL promoters may sell half their stake; Wadhawan could give up MD post

The promoters have also roped in PE firm Oaktree, which is undertaking due diligence to consider taking over part of DHFL's wholesale loan portfolio of Rs 10,000-12,000 crore