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Dewan Housing Finance Corporation Ltd (DWNH.NS)

DWNH.NS on National Stock Exchange of India

39.80INR
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

State Bank Of India Exec Says Hope Credit Growth Will Improve From Q2 Onwards
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - State Bank of India Exec ::STATE BANK OF INDIA EXEC SAYS BANK HAS DONE FEW DEALS WITH NBFCS FOR CO-ORIGINATION OF LOANS.STATE BANK OF INDIA EXEC SAYS KEY ISSUE FOR NBFCS IS SOLVENCY WHICH NEEDS TO BE CORRECTED IN LONG RUN.STATE BANK OF INDIA EXEC SAYS MEASURES TAKEN ON NBFCS SO FAR ARE FAIRLY ADEQUATE.STATE BANK OF INDIA EXEC SAYS IN TALK WITH 4-5 NBFCS FOR CO-ORIGINATION OF LOANS.STATE BANK OF INDIA EXEC SAYS DHFL RESOLUTION PROCESS IS IN WORKS AND IS BEING EVALUATED.STATE BANK OF INDIA EXEC SAYS MFS AND DEBENTURE HOLDERS HAVE ASKED FOR CLARITY AROUND DHFL BEFORE SIGNING THE ICA.STATE BANK OF INDIA EXEC SAYS FROM SECOND QUARTER ONWARDS, WE HOPE CREDIT GROWTH WILL IMPROVE.STATE BANK OF INDIA EXEC SAYS WE EXPECT THE SLOWDOWN SIGNALS ARE CYCLICAL IN NATURE.STATE BANK OF INDIA EXEC SAYS HOUSING FINANCE COMPANIES BEING REGULATED BY RBI IS A GOOD STEP.STATE BANK OF INDIA EXEC SAYS ALL REGULATORS AND BANKS WORKING JOINTLY, WANT BEST RESULT ON DHFL RESOLUTION.  Full Article

DHFL Says Not In Position To Submit June-Qtr Financial Statements Within Stipulated Time
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Dewan Housing Finance Corporation Ltd ::SAYS NOT IN A POSITION TO SUBMIT FINANCIAL STATEMENTS FOR JUNE QUARTER WITHIN TIME STIPULATED.SAYS WILL ENSURE TO SUBMIT JUNE QUARTER RESULTS BY SEPT 14.  Full Article

DHFL Says Payment Obligations Due In Immediate Future May Not Be Met
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Dewan Housing Finance Corporation Ltd ::SAYS THAT PAYMENT OBLIGATIONS FALLING DUE IN THE IMMEDIATE FUTURE MAY NOT BE MET AS PER EXISTING SCHEDULE.SAYS COMMITTED TO RESOLVING ISSUES RELATED TO LIQUIDITY CRISIS, MAKING BEST EFFORTS TO WORK OUT RESOLUTION PLAN.  Full Article

Dewan Housing Finance Says Working Closely With Creditors To Ensure Resolution Without Haircut
Monday, 15 Jul 2019 

July 15 (Reuters) - Dewan Housing Finance Corporation Ltd ::CLOSELY WORKING WITH STAKEHOLDERS/CREDITORS TO ENSURE COMPREHENSIVE RESOLUTION, WITHOUT ANY HAIR CUT TO LENDERS.AT AN ADVANCED STAGE OF SUBMITTING RESOLUTION PROCESS UNDER INTER-CREDITOR AGREEMENT.PROCESS OF IDENTIFYING STRATEGIC INVESTOR NEARING COMPLETION.EXPECTED THAT DHFL WILL BE ABLE TO RESTART ITS BUSINESS IN AUGUST 2019 AND SCALE IT UP IN THE MONTHS AHEAD.  Full Article

DHFL Says SEBI Granted Prior Approval For Change In Controlling Interest Of DPAMPL
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Dewan Housing Finance Corporation Ltd ::DEWAN HOUSING FINANCE CORPORATION LTD - SEBI GRANTED PRIOR APPROVAL FOR PROPOSED CHANGE IN CONTROLLING INTEREST OF DPAMPL.DEWAN HOUSING FINANCE-DIVESTMENT OF STAKE IN (DHFL PRAMERICA ASSET MANAGERS) DPAMPL, DHFL PRAMERICA TRUSTEES TO PRUDENTIAL TO BE COMPLETED SHORTLY.  Full Article

Dewan Housing Finance Corporation Says Not Got SEBI Approval Yet For Change In Controlling Interest
Thursday, 13 Jun 2019 

June 13 (Reuters) - Dewan Housing Finance Corporation Ltd ::NOT YET RECEIVED SEBI APPROVAL FOR CHANGE IN CONTROLLING INTEREST.  Full Article

Blackstone-Backed Private Equity Funds Buys 97.7% Stake In Aadhar Housing Finance
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Blackstone Group LP ::PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE ACQUIRED A 97.7% STAKE IN AADHAR HOUSING FINANCE.INFUSED 8 BILLION RUPEES PRIMARY EQUITY CAPITAL INTO AADHAR.  Full Article

DHFL Says Will Ensure Payment Of Interest Due On NCDs Within Cure Period Of 7 Days
Friday, 7 Jun 2019 

June 7 (Reuters) - Dewan Housing Finance Corporation Ltd ::TAKING ALL NECESSARY STEPS AND SHALL ENSURE PAYMENT OF DUE INTEREST WITHIN CURE PERIOD OF 7 DAYS.RESPONDS TO MEDIA REPORT ON DHFL DELAYING REPAYMENT OF NCDS WORTH 9 BLN RUPEES.  Full Article

Dewan Housing Finance Corp Says RBI Grants Prior Approval For Change In Control Of Avanse Financial Services
Thursday, 6 Jun 2019 

June 6 (Reuters) - Dewan Housing Finance Corporation Ltd ::RBI GRANTS PRIOR APPROVAL FOR CHANGE IN CONTROL OF MANAGEMENT & OWNERSHIP OF AVANSE FINANCIAL SERVICES.SAYS DIVESTMENT OF CO'S STAKE IN AVANSE IS EXPECTED TO BE COMPLETED SHORTLY.  Full Article

Crisil Ltd Downgrades Rating On DHFL'S Commercial Paper
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Dewan Housing Finance Corporation Ltd ::DOWNGRADES RATING ON DHFL'S COMMERCIAL PAPER TO 'CRISIL D' FROM 'CRISIL A4+'; REMOVED FROM 'RATING WATCH WITH NEGATIVE IMPLICATIONS'.  Full Article

UPDATE 1-DHFL may not repay debt while restructuring talks continue

BENGALURU, Aug 8 Dewan Housing Finance Corp Ltd (DHFL), one of India's so-called shadow banks, on Thursday said it might not be able to fulfil its debt obligations due in the near future while banks review its restructuring plan.