DHFL’s Retail Depositors Prepare For Steep Haircuts: BQ Exclusive

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...