Further to the various disclosures made by the Company in respect of its ongoing proposal on debt restructuring and formulation of a resolution plan (Resolution Plan) under the Reserve Bank of India’s Prudential Framework for Resolution of Stressed Assets dated 7th June 2019, Dewan Housing Finance Corporation has informed that it is been undertaking extensive discussions with its lenders. Further, pursuant to these discussions, the Company will be holding a meeting on Wednesday, 25th September 2019 with its bank lenders to discuss the draft Resolution Plan. A further meeting will also be held on Friday, 27th September 2019 by the Company with all its institutional creditors in connection with the draft Resolution Plan.
The above information is a part of company’s filings submitted to BSE.
