Mutual funds object to securitisation deals by DHFLBanks are tapping the route to avoid haircuts while mutual funds have already taken 70% hit.
Plan to turn part of DHFL debt into equityParticipation of mutual funds, which hold bonds issued by DHFL, is key to any resolution plan.
DHFL debt investors unlikely to receive payment for nowA three-year bond series worth about Rs 950 crore is due to mature this week.
DHFL lenders may offer six-month moratorium on loan repaymentsDuring moratorium, DHFL would only pay the due interest on outstanding bonds, sources told ET.
Debt-laden DHFL gets Sebi approval to exit mutual fund businessThe company had entered an agreement with Prudential Financial to divest its 50 per cent holding in DHFL Pramerica Asset Managers (DPAMPL).
Revival signs? DHFL bond yields fall as trading gains tractionFunds dealing in distressed assets seem to be the buyers of DHFL debt in the secondary market.
DHFL defaults again on commercial papers repaymentOut of the aggregate amount of Rs 375 cr, DHFL failed to make payments worth Rs 225 cr.
Are DHFL Pramerica Mutual Fund schemes the largest investors in DHFL papers? Be ready for surpriseDHFL Pramerica Medium Term Fund had invested 37 per cent of its portfolio in its parent company DHFL’s papers.
DHFL slips 3% despite Rs 2,000 crore Aadhar Housing stake saleMedia reports suggested that the housing finance firm on Saturday paid over Rs 350 crore to different investors.
Breather for bond investors in DHFLThe company has payment obligations exceeding Rs 2,000 crore coming up in June and July.
These two fund houses alone had 56% exposure to industry's DHFL debtMutual funds collectively had an exposure Rs. 5,236.53 crore to DHFL debt, as on April 30.
UTI Mutual Fund fully writes off DHFL exposureUTI Mutual Fund's exposure to DHFL securities through schemes is highest in the industry.
Debt mutual funds take a tumble as DHFL slips on paymentDHFL Pramerica Medium Term Fund, with assets of Rs 35 crore, saw its NAV plunge 52.99 per cent.
Crisil, ICRA downgrade DHFL’s CP rating to 'default' gradeThe downgrade reflects delays in debt servicing by DHFL on some of the firm's NCDs.
DHFL says paid over Rs 30,000 crore to creditors since SeptemberIt said that over the last one week there has been a lot of unwarranted speculations in the market about continuous weakening of DHFL's cre...
DHFL mess may trigger second wave of risk aversion in debt fundsSeveral fund houses have large exposures to DHFL, at 2-10 per cent of total debt AUM.
Is market frowning at LIC-DHFL bond deal?The 10-year debt paper offered an annual coupon return of 8% when other DHFL debt papers of similar or even lower tenors were being traded ...