Dewan Housing Finance Corporation (DHFL) has again defaulted on an interest repayment worth Rs 25.06 crore on non-convertible debentures. The gross principal amount on which the default has taken place is Rs 274 crore. This is the fourth default by the crippled company since early June.
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.