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DHFL’s Retail Depositors Prepare For Steep Haircuts: BQ Exclusive
Fixed depositors of DHFL will take a steeper haircut than secured creditors under the approved resolution plan.
17 Jan 2021, 12:35 PM IST
Those holding fixed deposits at Dewan Housing Finance Corporation Ltd. will take a steep haircut on their savings as per the resolution plan approved by the home financier’s Committee of Creditors. On Friday, creditors approved a resolution plan by the Piramal Group, which offers DHFL’s creditors a total of Rs 32,750 crore in cash and debentures.The scheme of distribution of funds proposes to pay out Rs 1,241 crore to fixed depositor...
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