CLAWING BACK

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

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

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