Dewan Housing Finance

Dewan Housing Finance News

ED arrests Iqbal Mirchi aide Humayun Merchant as part of probe into controversial properties; to be produced in court at 1 pm today
India

ED arrests Iqbal Mirchi aide Humayun Merchant as part of probe into controversial properties; to be produced in court at 1 pm today

The Enforcement Directorate on Tuesday arrested Humayun Merchant, a close aide of D-Company don gangster Iqbal Mirchi, in its ongoing investigation into properties owned by the latter. Mirchi, Dawood Ibrahim's right-hand man, had given Merchant the "power of attorney to fix deals on his behalf".

Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action
Business

Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action

In July, DHFL said it was "undergoing substantial financial stress" and may not survive as a going concern

DHFL shares bounce back, jump over 14% after company expects early resolution plan by lenders
Business

DHFL shares bounce back, jump over 14% after company expects early resolution plan by lenders

Shares of DHFL bounced back and zoomed over 14 percent on Tuesday after the company said it expects in-principle approval from lenders for its resolution plan by month-end

Housing lender DHFL fears it may not continue as a going concern; posts loss of Rs 2,223 cr in Q4
Business

Housing lender DHFL fears it may not continue as a going concern; posts loss of Rs 2,223 cr in Q4

DHFL is in an advanced stage of submitting its resolution process under the inter-creditor agreement as entered into by banks.

DHFL makes Rs 962 cr payment towards NCDs, meets seven-day 'cure period' to pay off its obligation
Business

DHFL makes Rs 962 cr payment towards NCDs, meets seven-day 'cure period' to pay off its obligation

Crisis-ridden DHFL said Tuesday it has paid Rs 962 crore towards interest payment on debt instruments which fell due on 4 June, and met the seven-day "cure period" to pay off its obligation

Dewan Housing Finance shares fall sharply after ICRA downgrades commercial papers
Business

Dewan Housing Finance shares fall sharply after ICRA downgrades commercial papers

ICRA downgraded its rating on Dewan Housing’s 80 billion rupees ($1.12 billion) worth commercial papers to “A2 plus” from “A1 plus”

Dewan Housing Finance shares jump as much as 7% on stake sale report
Business

Dewan Housing Finance shares jump as much as 7% on stake sale report

Dewan’s promoters are reportedly looking to sell a 10 percent stake through various ways, including an open offer

RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases
Business

RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases

A softer stance would bode well for Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces elections by May

Sebi says no advisory issued to MFs against rollover of exposure to Indiabulls, DHFL
Business

Sebi says no advisory issued to MFs against rollover of exposure to Indiabulls, DHFL

The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources.

Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis
Business

Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis

shares of Indiabulls Housing Finance plunged 8.18 percent, Can Fin Homes dived 5.70 percent, LIC Housing Finance 5.05 percent and PNB Housing Finance 4.92 percent.

DHFL plans to raise Rs 50,000 crore in FY19 through debt market and bank borrowings to support business growth
Business

DHFL plans to raise Rs 50,000 crore in FY19 through debt market and bank borrowings to support business growth

DHFL is planning to raise Rs 50,000 crore through the debt market and bank borrowings in the current financial year to support business growth

Microlenders' new avatar as small banks can be a game changer for rural customers
Business

Microlenders' new avatar as small banks can be a game changer for rural customers

Once micro-finance institutions become banks, they can tap public savings and lower their dependence on bank finance

DLF completes 74% sale stake in life insurance JV to Dewan Housing
Business

DLF completes 74% sale stake in life insurance JV to Dewan Housing

The JV was announced in 2007 and started operation in September 2008.<br /><br />