The consortium of banks led by Union Bank of India, which is working on the feasibility of the resolution plan submitted by cash-strapped housing financier Dewan Housing Finance Corporation (DHFL), is toying with the idea of taking a majority stake in the firm.
It is understood that in order to execute the resolution process, banks may convert a part of their loans into equity. Sources say banks are at the final stage of deliberating on DHFL’s resolution plan it submitted on August 6. “To facilitate a faster implementation of the resolution plan, it is important ...
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