Dewan Housing Finance Corporation (DHFL) has defaulted Rs 196.65 crore on bond repayment obligation. The default by the company is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.
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.
