DHFL defaults on ₹20-cr interest

Dewan Housing Finance Corporation Ltd defaulted on interest payment of ₹20.24 crore towards non-convertible debentures. In a regulatory filing on Friday, DHFL said the gross principal amount on which the default occurred was ₹1,700 crore. The NCDs were secured for three years with a coupon rate of 14.02 per cent. Our Bureau