Dewan Housing Finance Misses Debt Payments\, Shares Fall 9%

Dewan Housing Finance Limited (DHFL) Shares Fall 9% After Company Misses Debt Payments

DHFL stock price: At 10:23 am, DHFL shares traded 2.39 per cent lower at Rs 73.65 apiece on the NSE, underperforming the Nifty which was up 0.24%.

Market | | Updated: June 26, 2019 11:18 IST
Dewan Housing Finance Limited (DHFL) Shares Fall 9% After Company Misses Debt Payments

DHFL share price: Dewan Housing Finance shares however recovered most of the losses in late morning deals

DHFL or Dewan Housing Finance Limited shares plunged around 9 per cent on Wednesday, a day after the mortgage lender said it had made a 40 per cent payment on unsecured commercial papers due on Tuesday. In a regulatory filing late on Wednesday, Mumbai-based DHFL said: "Out of the aggregate amount of Rs 375 crore, Rs 150 crores i.e. 40 per cent has been paid on a proportionate basis and the balance amount of Rs. 225 crore shall be paid in next couple of days." DHFL shares however recovered most of the losses in late morning deals.