Dewan Housing Finance Limited (DHFL) Misses Debt Payments, Shares End 6% Higher

Dewan Housing Finance Limited (DHFL) Misses Debt Payments, Shares End 6% Higher

DHFL share price: Dewan Housing Finance shares however recovered most of the losses in late morning deals

DHFL or Dewan Housing Finance Limited recovered all of intraday losses after plunging around 9 per cent in intraday trade on Wednesday, a day after the mortgage lender said it had made a 40 per cent payment on unsecured commercial papers due on Tuesday. In a regulatory filing late on Wednesday, Mumbai-based DHFL said: “Out of the aggregate amount of Rs. 375 crore, Rs. 150 crores i.e. 40 per cent has been paid on a proportionate basis and the balance amount of Rs. 225 crore shall be paid in next couple of days.”
Here are 10 things to know about DHFL:
  1. DHFL ended 5.77 per cent higher at Rs. 79.75 apiece on the BSE, after declining as much as 8.89 per cent to Rs. 68.70 during the session, outperforming the benchmark Nifty index which finished 0.43 per cent higher. (Dewan Housing Finance share price)