Dewa News

The latest forensic audit report on Dewan Housing Finance Ltd raises serious allegations against the company for diverting funds to group companies. Mint's banking team takes a look at the story of DHFL, which has been the worst affected financial institution in the aftermath of the IL&FS crisis.

The beleaguered home financier, which has defaulted on multiple times on payment to bondholders since June owes close to ₹90,000 crore to banksIn a separate filing to exchanges on 8 August, the company said it may not be able to meet its financial obligations in the near future

Dewan Housing shares have lost about 87% of their value over the past yearWhile lenders mull the resolution plan, Dewan Housing will continue looking for an investor for a stake in the company

Residents of Gujarat’s Charotar area teach a valuable lesson in peaceful coexistenceSeveral crocodile exclusion enclosures are installed around the pond’s banks to give villagers access to the water

Lenders suddenly find themselves uncomfortably exposed to India’s struggling property developersDewan and its parent, Wadhawan Global Capital, recently sold a specialist lender for low-income earners to Blackstone LP.

‘As we are a travel food company with focus on the food at travel destinations, we saw Railways as a big opportunity,’ says Dewan Gaurav Dewan, chief operating officer and business head of the company spoke about the company's plans

DHFL will sell its entire stake in DHFL Pramerica to its joint venture partner Prudential Financial and exit DHFL Pramerica Trustees as well

Analysts believe that the overhang of liquidity crunch will be felt for the next two quarters with a rise in borrowing costs

News of DSP Mutual Fund's sale of the AAA-rated bonds had triggered a 60% intraday crash in HDFL share price on 21 September

HDFC raised ₹500 crore via a sale of five-year 8.75% notes, higher than the coupon of 6.73% offered when it previously sold masala debt a year ago