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Last Updated : May 17, 2019 09:44 AM IST | Source: Moneycontrol.com

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.

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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

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At 0937 hrs, DHFL was quoting Rs 111.55, up 4.2 percent on the BSE.

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First Published on May 17, 2019 09:42 am
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