DHFL shares crack 5% after the firm reports fresh default

Money Control | Sep 13, 2019 at 11:08 AM
  • After three consecutive sessions of gains, shares of Dewan Housing Finance Corporation (DHFL) cracked 5 percent on BSE to Rs 49.40 on September 13 after it reported a fresh default towards the payment of principal and interest on non-convertible debentures (NCDs).
  • The company, in a BSE filing on September 12, reported default of Rs 196.65 crore towards Rs 350-crore worth of NCDs issued by it.
  • Reserve Bank of India guidelines mandate that a resolution plan must be implemented within 180 days.