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?
Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL
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: Will be… Continue reading Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL
Crazy yields on DHFL bonds (NCDs)
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… Continue reading Crazy yields on DHFL bonds (NCDs)