Edition:
United Kingdom

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.