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Dewan Housing Finance Corporation Ltd (DWNH.NS)

DWNH.NS on National Stock Exchange of India

50.30INR
3:57pm IST
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Rs-1.55 (-2.99%)
Prev Close
Rs51.85
Open
Rs52.15
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Rs52.65
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Rs48.80
Volume
21,606,677
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31,377,451
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Rs619.40
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Rs37.20

Latest Key Developments (Source: Significant Developments)

Union Bank Of India Exec Says Current Resolution Plan On DHFL Best Available Option
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Union Bank Of India Exec ::UNION BANK OF INDIA EXEC SAYS MUTUAL FUNDS HAVE NOT YET SIGNED THE INTER CREDITOR AGREEMENT FOR DHFL.UNION BANK OF INDIA EXEC SAYS THE CURRENT RESOLUTION PLAN ON DHFL IS THE BEST AVAILABLE OPTION.UNION BANK OF INDIA EXEC SAYS BANK EQUITY TAKEOVER OF DHFL AS PART OF RESOLUTION PLAN WILL ONLY BE TEMPORARY.UNION BANK OF INDIA EXEC SAYS THAT BANK TAKEOVER OF DHFL MAY HAPPEN BECAUSE POTENTIAL BUYERS STILL AWAIT CLARITY.  Full Article

DHFL Approves Submission Of Resolution Plan To Lenders; No Principal Haircuts To Creditors
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Dewan Housing Finance Corporation Ltd ::UNDER RESOLUTION PLAN THERE WILL BE NO PRINCIPAL HAIRCUTS TO ANY CREDITORS.SAYS RESOLUTION PLAN INCLUDES SEEKING FUNDING FROM BANKS/NATIONAL HOUSING BANK FOR STARTING RETAIL FUNDING ACTIVITY.APPROVED SUBMISSION OF RESOLUTION PLAN TO LENDERS.RESOLUTION PLAN ALSO RECOMMENDS MORATORIUM ON REPAYMENTS.RESOLUTION PLAN FEATURES PROPOSED STEPS TOWARDS ADDRESSING ALIGNING ASSET-LIABILITY MISMATCH.  Full Article

Dewan Housing Finance Completes Sale Of Stake In Avanse Financial Services
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Dewan Housing Finance Corporation Ltd ::SALE OF STAKE IN AVANSE FINANCIAL SERVICES TO WARBURG PINCUS GROUP AFFILIATE COMPLETED ON JULY 30.  Full Article

Bank Of India Exec Says Bank Has Exposure Of Around 200 Mln Rupees To CCD
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Bank of India Exec says::RESOLUTION PROCESS IN NCLT DELAYED WHICH MAY IMPACT RECOVERY.WILL DIVEST STAKE IN 2 SUBSIDIARIES IN FY20.IT HAS EXPOSURE OF 40 BILLION RUPEES EACH TO INDIA BULLS HOUSING FINANCE AND DHFL.ALL BANKS ARE SEEING IF MANAGEMENT CHANGES IS NEEDED AS PART OF DHFL'S RESOLUTION PLAN.HAVE TIGHTENED RETAIL LENDING NORMS.SAYS EXPOSURE TO MUDRA LOANS AT 110 BILLION RUPEES; DELINQUENCY CONCERNS PERSIST.DON'T SEE ANY PROBLEMS WITH INDIABULLS RIGHT NOW.BANK HAS AN EXPOSURE OF AROUND 200 MILLION RUPEES TO CCD, NOT WORRIED ABOUT ITS EXPOSURE.  Full Article

State Bank Of India Chairman Says Seeing Credit Demand At 13% YoY
Thursday, 25 Jul 2019 

July 25 (Reuters) - State Bank of India Chairman Rajnish Kumar ::STATE BANK OF INDIA CHAIRMAN SAYS SEEING CREDIT DEMAND AT 13% YOY.STATE BANK OF INDIA CHAIRMAN SAYS DIVERSION OF FUNDS BY COS IS A BIG ISSUE AND REGULAR AUDIT IS NEEDED.STATE BANK OF INDIA CHAIRMAN SAYS DHFL'S RESOLUTION PLAN IS YET TO BE SUBMITTED.  Full Article

DHFL Says Auditors Say Not Able To Obtain Sufficient Appropriate Audit Evidence To Provide Basis For Audit Opinion On Statement
Monday, 22 Jul 2019 

July 22 (Reuters) - Dewan Housing Finance Corporation Ltd ::INDEPENDENT AUDITORS SAY NOT ABLE TO OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO PROVIDE BASIS FOR AUDIT OPINION ON STATEMENT.AUDITORS SAY NOT RECEIVED SUFFICIENT INFORMATION AND EXPLANATIONS TO ENQUIRIES FOR CERTAIN CREDIT, LEGAL AND TECHNICAL EVALUATION.AUDITORS SAY UNABLE TO GET SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO SUPPORT VALUES OF CERTAIN CO'S LOANS AND PASS-THROUGH CERTIFICATES (PTC).AUDITORS SAY UNABLE TO GET SUFFICIENT APPROPRIATE AUDIT EVIDENCE FOR AUDIT OPINION WHETHER CO'S EARNINGS STATEMENT IS IN ACCORDANCE SEBI REQUIREMENTS.AUDITORS SAY UNABLE OPINE WHETHER CO'S EARNINGS STATEMENT GIVES TRUE AND FAIR VIEW IN CONFORMITY WITH INDIAN ACCOUNTING STANDARDS.AUDITORS SAY UNABLE TO COMMENT WHETHER CERTAIN CO'S LOANS HAVE BEEN PROPERLY SECURED.AUDITORS SAY CO'S CERTAIN LOANS MAY HAVE BEEN GRANTED IN "MANNER THAT IS PREJUDICIAL TO THE INTEREST OF THE COMPANY OR ITS MEMBERS".  Full Article

India's Dewan Housing Finance Corp March-Qtr Total Rev From Ops 31.08 Bln Rupees Vs 28.4 Bln Rupees
Monday, 22 Jul 2019 

July 22 (Reuters) - Dewan Housing Finance Corporation Ltd ::MARCH QUARTER TOTAL REVENUE FROM OPERATIONS 31.08 BILLION RUPEES VERSUS 28.4 BILLION RUPEES A YEAR AGO.MARCH QUARTER LOSS OF 22.23 BILLION RUPEES VERSUS PROFIT OF 1.34 BILLION RUPEES YEAR AGO.COMPANY IS TAKING ACTIVE STEPS TO MONETIZE ITS ASSETS.DEWAN HOUSING FINANCE CORP- CO IN DISCUSSIONS WITH MULTIPLE INDIAN BANKS, INTERNATIONAL FINANCIAL INSTITUTIONS TO SELL OFF RETAIL, WHOLESALE PORTFOLIO.THE COMPANY IS IN THE PROCESS OF SUBMITTING A RESOLUTION PLAN TO THE LENDERS.THE LENDERS ARE EXPECTED TO GIVE AN IN-PRINCIPLE APPROVAL TO THE RESOULTION PLAN BY END OF JULY 2019.CO IN DISCUSSIONS WITH THE CONSORTIUM OF BANKERS / LENDERS TO RESTRUCTURE ITS BORROWINGS.THERE HAVE BEEN DISCUSSIONS FOR STAKE SALE BY PROMOTERS TO A STRATEGIC PARTNER WITH FURTHER EQUITY INFUSION.  Full Article

Dewan Housing Finance Corp Trading In NCDs To Be Suspended From July 31
Monday, 22 Jul 2019 

July 22 (Reuters) - Dewan Housing Finance Corporation Ltd ::DEWAN HOUSING FINANCE CORP- TRADING IN NCDS SHALL BE SUSPENDED FROM JULY 31, 2019 ON ACCOUNT OF REDEMPTION.  Full Article

Lenders Begin Restructuring Process For India's DHFL Under RBI's June 7 Circular - ET Now, Citing Sources
Monday, 1 Jul 2019 

July 1 (Reuters) - Dewan Housing Finance Corporation Ltd ::LENDERS BEGIN RESTRUCTURING PROCESS FOR INDIA'S DHFL UNDER RBI'S JUNE 7 CIRCULAR - ET NOW, CITING SOURCES.  Full Article

DHFL Says Made Full Payment On Interest Payable On NCDs Within Cure Period Of 7 Working Days
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Dewan Housing Finance Corporation Ltd ::MADE FULL PAYMENT ON INTEREST PAYABLE ON SECURED REDEEMABLE NCDS WITHIN CURE PERIOD OF 7 WORKING DAYS.MADE INTEREST PAYMENTS IN LIEU OF 9.61 BILLION RUPEES AS COMMITTED TO ITS DEBENTURE HOLDERS.WILL SEEK RATING UPGRADES FROM AGENCIES.SINCE SEPT 2018, MANAGED TO MAKE LIABILITIES PAYMENT OF OVER 360 BILLION RUPEES WITHOUT AVAILING FRESH FUNDING FROM ANY LENDER.COMMITTED TO MEETING ALL FUTURE DEBT SERVICING OBLIGATIONS IN TIMELY MANNER.COMMITTED TO MEETING FUTURE DEBT SERVICING OBLIGATIONS VIA FURTHER ASSET MONETISATION PLANS, ONBOARDING STRATEGIC PARTNER.  Full Article

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DHFL board approves plan to convert debt into equity, sell assets

BENGALURU India's crisis-hit shadow bank Dewan Housing Finance Corp (DHFL) said on Friday its board had approved a plan that included converting debt into equity, even as it seeks to sell assets and raise more capital.