Banks To Restructure DHFL Loan; To Own Majority Stake
  • WebDesk BTVI
  • Aug 19 2019

The lenders to cash-strapped Dewan Housing Finance Corporation (DHFL) have decided to restructure term loan for its retail books, according to sources. The banks will give incremental loan to DHFL, in the range of Rs 10,000-18,000 crore, for wholesale real estate project. No investor are on board as yet for the DHFL. The promoter stake of Kapil Wadhawan will be reduced to 10 per cent, while the banks will take majority equity stake.