Dewan Housing Finance Corporation (DHFL) has made full payment towards interest payable on Secured Redeemable Non-convertible debentures (NCDs) issued by way of public issue within the cure period of seven working days.
The Company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders. With this tranche, the company confirms full payment and will seek rating upgrades from agencies.
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.