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Mark To Market: Defaults!!





DHFL defaults on Rs 1,571 crore bond payments
The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore. DHFL has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers


The non-banking financial company (NBFC) has defaulted on Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 per cent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore.
CG Power’s disclosure of accounting lapses is the latest in a series of governance and accounting scandals that have hit India Inc. over the past year, increasing scrutiny over not just the promoters of the companies but also independent directors, auditors, and regulators.

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  1. DariyaJuly 6, 2020 at 3:49 AM

    Nice article thanks for sharing such a valuable information with us.you may also check our blog for more information
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    DHFL defaults on NCD

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