 "Dewan Housing Finance")
Crisis-hit mortgage lender Dewan Housing Finance, who had defaulted on interest payment on non-convertible debentures (NCDs), informed the stock exchanges on Tuesday that it has paid off its interest obligation worth Rs 962 crore within the seven-day cure period.
“The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders. With this tranche, the company confirms full payment and will seek rating upgrades from agencies,” the company said in a media statement.
The company added that since September 2018, it has managed to make liabilities payment of over Rs 36,000 crore
“The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders. With this tranche, the company confirms full payment and will seek rating upgrades from agencies,” the company said in a media statement.
The company added that since September 2018, it has managed to make liabilities payment of over Rs 36,000 crore
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