'Substantially impaired': The reason DHFL fears it may not survive

Topics Housing Finance | DHFL

One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL) , has warned that its financial situation was so grim that it may not survive.

The company said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements." "These developments may raise a significant doubt on the ability of the company to continue as a going concern,".....

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