These ratings agencies are as useless as they come. The role of a rating agency is to monitor the companies they rate and provide advance warning if something is about go wrong. But no…that’s not their style. In the past 6-7 months they have been caught with their pants down multiple times and yet they…… Continue reading CARE downgrades DHFL debt worth 1.2 lakh crores. A bit late aren’t they?
Oh, here’s some bit of good news for DHFL…finally! Private equity giant Blackstone looks set to acquire Wadhawan Global’s 70% stake in Aadhar Housing. DHFL which owns 9.15% in the company will also offload its stake. ET is pegging the deal at Rs 2700 cr. Also, check this Tweet out by Andy Mukherjee: https://twitter.com/andymukherjee70/status/1091657854199554048?s=09 Will…… Continue reading Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL
Ola folks, here’s the first post on Nakedbeta. Well, you’ll be pretty much aware of the Cobrapost allegations against DHFL Finance. The stock was down 5.48% today. But what transpired in the bond markets was much crazier. The yields on some DHFL NCDs shot up to 24%. That’s freaking crazy.Although, you’ll have to take this…… Continue reading Crazy yields on DHFL bonds (NCDs)