DHFL shares rally 3% on Rs 1,775 crore CP repayment

NEW DELHI: Shares of housing finance company DHFL rallied over 3 per cent in early trade on Tuesday after the company said it has repaid commercial papers (CP) worth Rs 1,775 crore.

The scrip was trading 3.07 per cent up at Rs 229.35 at around 9.25 am (IST), while the BSE Sensex was up 0.46 per cent at 35,110.

According to the housing finance firm, since September 21, 2018 it has repaid commercial paper holders Rs 9,465 crore including buyback of CP worth Rs 3,240 crore.


“DHFL has either repaid or offered to buy back all commercial papers maturing till November 15, 2018 and provided for CP maturing till November 30, 2018,” the company said in a statement.

“DHFL’s CP outstanding as on November 30, 2018 will be 1 per cent of the total borrowing amounting to Rs 1,125 crore. DHFL has successfully conducted securitisation assignment of over Rs 6,600 crore since September 21, 2018."