DHFL Defaults On NCDs
Cash-strapped Dewan Housing Finance Corporation Ltd (DHFL) on Tuesday said it has defaulted on five-year secured non-convertible debentures (NCDs) carrying 9.32 per cent coupon.
In a stock exchange notice, the housing finance company said the current default amount was ₹25.06 crore towards interest on the aforesaid NCDs. Six investors were holding the NCDs as on date of default (July 29).
As per the notice, the gross principal amount is ₹274 crore.
DHFL said it is in discussions with its bankers for restructuring its liabilities and is working on a resolution plan to be submitted to the lenders.
On July 5, the company informed the exchanges that it has defaulted on interest payment of ₹4.76 crore on NCDs due on July 3 and 4.
USAA And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more