DHFL is in talks to sell both its retail and wholesale loan portfolio and is also looking for an equity infusion by bringing in a strategic partner and is in final stages of completing the deal, a senior official involved in the restructuring talks said.
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The bonds would be of 10-year maturity, with a yield of 9.5-10 percent
We expect the company’s loan growth to remain 23 percent over next two years and earnings growth is likely to be more than 28 percent. The stock currently trades at 1.9x FY2019E ABV.
However, the profit during the fourth quarter of 2016-17 soared to Rs 2,218 crore taking into account one time exceptional gain of Rs 1,969.43 crore on stake sale in its insurance arm DHFL Pramerica Life Insurance to its wholly owned subsidiary DHFL Investments Ltd.