Lenders to cash-strapped DHFL ready for haircut in rescue plan: Report

Topics DHFL

Lenders to India's Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked out for the troubled firm, sources said.

The country's fourth largest housing finance company, which warned on Saturday that its financial situation was grim and business had ground to a halt, met lenders and other debtholders last week to discuss the outline of a rescue package. Sources at banks, mutual funds and the company told Reuters efforts were being made to reach consensus and sign off on the.....

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