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DHFL’s Retail Depositors, NCD Holders May Need To Brace For A Hit
Retail investors stuck with DHFL’s NCDs or deposits are unlikely to get full repayment.
22 Oct 2020, 03:16 PM IST
Depositors who parked their money with Dewan Housing Finance Corporation Ltd. via retail non-convertible debentures or fixed deposits may need to brace for a hit as resolution plans submitted for the insolvent lender all involve a substantial haircut for financial creditors.Retail bondholders and depositors were clubbed together with financial creditors for the purpose of DHFL’s insolvency proceedings. In the absence of an overarchin...
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