 "Dewan Housing Finance")
Dewan Housing Finance Ltd (DHFL) has paid about Rs 45 crore in interest and principal on certain debt instruments due on Monday.
DHFL paid Rs 10 crore in interest on four non-convertible debentures (NCD) and principal of Rs 35 crore on one of them. DHFL share closed seven per cent higher at Rs 89.5 per share on BSE.
DHFL also completed sale its 9.15 per cent stake in Adhar Housing Finance Ltd to entity controlled by private equity group Blackstone. The value of DHFL stake in Ahdhar is in excess of Rs 200 crore. DHFL will use proceeds from sale of stake
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