DHFL lenders in a fix over debt recovery as govt likely to initiate SFIO probe
- Under the proposed recast plan, lenders would take 51% stake in the company by converting a portion of DHFL’s debt into equity
- This plan is being finalised under the 7 June stressed asset circular of the Reserve Bank of India
MUMBAI : Lenders to Dewan Housing Finance Corp Ltd (DHFL) are in a fix about the recovery of their exposure of ₹38,342 crore to the finance company as the government could initiate a probe by the Serious Fraud Investigation Office (SFIO).
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