Dewan Housing Finance Corporation (DHFL) has repaid commercial paper (CP) worth Rs 1,775 crore.
Since September 21, 2018, the company has repaid commercial paper holders Rs 9,465 crore including buyback worth Rs 3,240 crore. Besides, the company has either repaid or offered to buy back all commercial papers, including Rs 1,775 crore CP, maturing till November 15, 2018.
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.