Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and…… Continue reading DHFL Pramerica MF investor communication on DHFL exposure
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
Just when you thought things couldn’t get any worse for NBFCs, they did. Unless you are living under a rock, then you’d have heard about the crisis gripping DHFL. Here’s what went down so far! Preview, it started with the company’s quarterly results. It announced that the company’s loan disbursals had fell by 95% from…… Continue reading Cheatsheet: DHFL crisis