August 30, 2019 / 10:24 AM / 3 months ago

India's DHFL board approves conversion of debt to equity

BENGALURU, Aug 30 (Reuters) - India’s debt-laden shadow bank Dewan Housing Finance Corp Ltd said on Friday its board had approved the conversion of the whole or part of its debt into equity or other securities, which may result in a change in ownership. (Reporting by Chandini Monnappa in Bengaluru)

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