Co-Partners
Associate Partners
Get App

Co-Partners

Associate Partners

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.

Moneycontrol News @moneycontrolcom

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.
First Published on May 17, 2019 09:42 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant