On Monday, the promoter of Aadhar Housing exited the company at a valuation of about Rs 2,200 crore
DHFL was caught in the liquidity trap post the IL&FS crisis that hit the NBFC sector late September last year
use the proceeds of Rs 500 crore it got by selling its entire 9.15% (23,01,090 shares) in Aadhar Housing to payoff NCD obligations.
Crisil and Icra had downgraded ratings on its commercial papers (CPS) worth Rs 850 crore earlier last week, citing delay in payment, the sources said further.
The non-banking finance company (NBFC) had to meet payment obligation worth Rs 961.95 crore on public NCDS and Rs 200 crore towards private placement NCDS.
The payment towards Rs 200 crore (private placement) was paid in complete last week, the sources said further.
On Monday, the promoter