DHFL rallies 4% on reports of selling Rs 18,000 cr loans to Oaktree Capital

The cash-strapped company has about Rs 8,400 crore of loan repayments and securitisation payouts coming up in the two months.

May 17, 2019 / 09:44 AM IST

Shares of Dewan Housing Finance Corporation (DHFL) rallied more than 4 percent intraday on May 17 after the company reportedly entered talks with US-based Oaktree Capital to offload wholesale real estate loans worth Rs 17,000-18,000 crore.

According to a report in The Economic Times, DHFL has signed a nonbinding pact to this effect.

The cash-strapped company has about Rs 8,400 crore of loan repayments and securitisation payouts coming up in the two months, the report added

At 0937 hrs, DHFL was quoting Rs 111.55, up 4.2 percent on the BSE.
Moneycontrol News
first published: May 17, 2019 09:42 am

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