Dewan Housing Finance Corporation (DHFL) has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to issuance of bonds and commercial papers. The defaults pertain to three cases with regard to interest payment on non-convertible debentures (NCDs) and commercial papers (CPs).
DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.
