Dewan Housing Finance Corporation (DHFL) has defaulted on interest payment of Rs 20.24 crore towards non-convertible debentures. The gross principal amount on which the default occurred was Rs 1,700 crore. The NCDs were secured for three years with a coupon rate of 14.02 per cent.
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.
