Like in IL&FS, a similar procedure will have to be followed: Khuntia
Shares of the troubled firm fell 4.82 per cent to close at Rs 18.75 apiece on the BSE.
Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.
The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.
RBI superseded DHFL's board and placed company under an administrator in the wake of governance issues and severe liquidity crisis.
DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.
UPPCL has been stepping it up to meet the enhanced principal repayment obligation as and when required.
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.
A forensic audit by KPMG has reportedly found massive fund diversion by the promoters.
The Company is undergoing substantial financial stress since (the) second half of the previous financial year.