DHFL
Clinton Fernandes 05 June 2019
Debt schemes witnessed a massive shock yesterday as several schemes revealed sharp losses to their net asset values (NAVs). The worst hit was DHFL Pramerica Medium Term, which posted a loss of 52.99%! Yes, more than half of the schemes value disappeared in a single day.

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Moneylife Digital Team 05 June 2019
Dewan Housing Finance Corp Ltd (DHFL) has missed its interest payment deadline of 4 June 2019 on a set of outstanding bonds owing to fund shortage but may pay the over Rs1,000 crore over next seven days, say media reports. The non-banking finance company (NBFC) has delayed payment of interest to mutual funds and other entities.

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Abhinandan 30 May 2019
Given the life-threatening scenario I have described about Dewan Housing and Finance Ltd (DHFL) here and here, DHFL is forced to take steps to remain solvent

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Moneylife Digital Team 28 May 2019
The Ministry of Home Affairs (MHA) has issued a lookout notice against DHFL promoters in an investigation pertaining to shell companies, reports ET Now in a newsbreak.

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Moneylife Digital Team 22 May 2019
In a move that has set off an alarm among investors and regulators, Dewan Housing Finance said it would neither accept new deposits nor allow premature withdrawals after its debt instruments were downgraded.

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Abhinandan 17 May 2019
The questions to ask are: What went wrong with DHFL so dramatically? Are our regulators really up to the task of appreciating and managing the risks posed by players like DHFL and a few others?

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Abhinandan 15 May 2019
Dewan Housing Finance Limited (DHFL) is in focus again due to continuous downgrade by rating agencies

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Moneylife Digital Team 27 February 2019
Ratings agency ICRA Ltd has downgraded the Rs8,000 crore commercial paper (CP) issued by Dewan Housing Finance Corp Ltd (DHFL) to A2+ from A1+ due to challenges faced by the lender in raising funds from traditional bank lines and debt market instruments.

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Anjana Das (IANS) 11 February 2019
The Income-Tax Department has sent notices to crisis-ridden NBFC, Dewan Housing Finance Corporation Ltd (DHFL), seeking its books of accounts and asked it to clarify the

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IANS 04 February 2019
Debt-laden Dewan Housing Finance Ltd's (DHFL) parent company Wadhawan Global Capital (WGC) has agreed to sell its 70 per cent stake in Aadhar Housing Finance (AHFL), while DHFL will also sell its over 9 per cent stock in AHFL as a corporate debt cutting measure

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Moneylife Digital Team 31 January 2019
In a clear case of conflict of interest and example of poor governance, DHFL Pramerica Ultra Short-Term seems to have the highest investment exposure to the controversial Dewan Housing Finance Corporation (DHFL), a non-banking finance company (NBFC) engaged in providing home loans and mortgages

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IANS 31 January 2019
Stocks of Dewan Housing Finance Corp (DHFL) closed 16% lower on Thursday after reports emerged that the Ministry of Corporate Affairs (MCA) may probe allegation of a Rs 31,000-crore scam involving the company

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Moneylife Digital Team 29 January 2019
Dewan Housing Finance Corporation Ltd (DHFL) has siphoned off Rs31,000 crore into promoter companies to create private wealth through a network of shell companies, alleges Cobrapost

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Moneylife Digital Team 28 January 2019
Disbursements of DHFL during the December 2018 quarter shrunk to just Rs510 crore, a fall by over 95%

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Moneylife Digital Team 18 December 2018
DHFL today announced that it will completely exit its mutual fund business, DHFL Pramerica Asset Managers Pvt. Ltd (DPAM). DPAM is a joint venture between DHFL and Pramerica Financial (brand name used by Prudential Financial Inc. USA).

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DHFL Promoters have a structured a deal that has allowed them to borrow from two mutual funds, indirectly inject the money into DHFL, which boosted its net worth

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Moneylife Digital Team 10 December 2013
MDT/PTI 09 November 2012
DHFL said the variable rate of interest for home loans of up to Rs15 lakh has been cut to 10.75% from 11%, while for those above Rs30 lakh but up to Rs75 lakh will come at 11.25%

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