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Latest Articles in dhfl

Dewan Housing Shares Jump After Auditor Says Company Didn't Divert Funds

The home loan provider has been under scrutiny since investigative media outlet Cobrapost alleged in January that loans from Indian state-run lenders were diverted by Dewan Housing to shell companies, including those linked to its controlling shareholders

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Dewan Housing Shares Fall Sharply After ICRA Downgrade

The stock had lost 45 per cent of its value this year as of last close, after shedding 57 per cent in 2018

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India's Dewan Housing Shares Jump On Stake Sale Report

The stock has been under pressure since investigative media outlet Cobrapost had alleged last month that loans from Indian state banks were diverted by Dewan Housing to shell companies, including those linked to its controlling shareholders.

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Dewan Housing Slumps 17% After Government Launches Probe

Cobrapost said on Tuesday Dewan diverted funds to shell companies to buy assets, and that firms linked to Dewan's controlling shareholders - the Wadhawan group - made political donations beyond mandated levels

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DHFL: All You Need To Know About Cobrapost Allegation, DHFL's Response, Stock Prices

Terming it India’s biggest financial scam, the investigative news portal Cobrapost, on Tuesday, 29 January, claimed that the primary promoters of Dewan Housing Finance Corporation Limited (DHFL) have been found to have siphoned off more than Rs 31,000 crore of public funds. DHFL denies Cobrapost allegations, calls report mischief with mala fide intent. Yashwant Sinha demands probe into fund diversion by DHFL.

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Rating Agencies Re-Affirm Highest Ratings For DHFL

In a media release yesterday, DHFL (Dewan Housing Finance Limited) announced that ICRA Limited, one of the country’s leading credit rating agencies, has reaffirmed its A1+ rating on its commercial paper program. This announcement comes in the wake of Friday’s baffling selloff in the housing finance bellwether, which saw its stock tumbling by over 42%. “A1+” is the highest possible credit rating that any issuer can achieve on its short-term borrowings.

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DHFL Stock Swing: Should You Buy Or Sell?

Friday, 21st September 2018, was dramatic in the Indian stock market. The BSE Sensex, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 in afternoon trade, before staging an equally sharp recovery within minutes. It finally closed at 36,841.60, down 279.62 points. Shares of housing finance firms slumped, with Dewan Housing Finance tumbling up to 42 per cent on fears of a liquidity crisis. Reports of debt defaults by IL&FS also sparked concerns, which spilled over into other NBFC counters. Our Analysis.

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COCO by DHFL General Insurance Takes On Gender Stereotypes With Maiden Brand Film

COCO by DHFL General Insurance has launched its first digital-only campaign #CareMoreHaveMore for its retail two-wheeler policy – COCORide, a unique comprehensive insurance policy offering a bouquet of options and additional covers that can be customized to suit one’s exact needs. The digital campaign focuses on two key aspects – women empowerment and protection for one’s loved ones and prized possessions.

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DHFL Quarterly Result: Net Profit Increased By 35% To INR 435.0 Crore; NPA Stood At 0.93%.

DHFL, one of India's leading housing finance company, today announced its Q1 results for the first quarter ended June 30, 2018. The company registered a net profit growth of 35% to INR 435.0 crore for the quarter ended June 30, 2018. Assets Under Management (AUM) grew by 37% year-on-year, reaching INR 1,20,939.5 crore from INR 88,235.7 crore as on June 30, 2018.

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USAID, DHFL Sign $10 million Loan Guarantee to Improve Healthcare In Urban India

Financing will be used for Lending to Small and Medium-Sized Enterprises Operating in Health Sector in India

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DHFL’s Maiden Masala Bonds Market Open Ceremony At London Stock Exchange

DHFL, the flagship Company of Wadhawan Global Capital (WGC), today opens London’s trading to celebrate the company’s first Masala bond on London Stock Exchange Group’s (LSEG) International Securities Market (ISM). This offering is part of a $2bn MTN Programme DHFL listed on London Stock Exchange earlier in the year. DHFL’s maiden masala bonds issue witnessed an overwhelming response from high quality investors across Europe and Asia. The tremendous opportunity provided by the Affordable Housing Finance sector in India and DHFL’s AAA domestic credit rating were the primary reasons for the strong demand in the overseas market. The masala bonds was issued at the rate of 8.50% p.a payable half yearly.

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DHFL NCD To Open On 22 May, Offers Up To 9.10%

The Issue is scheduled to close on June 4, 2018 with an option of early closure or extension as decided by the Board of Directors of the Company or the NCD Public Issue Committee

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DHFL Clocks Steady 25% Profit Growth In Q3

Housing finance company also sees its assets under management cross the Rs 1 lakh mark

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‘It Is The Best Time To Buy A House’

Housing has evolved from literally nothing to a 7.5-8 per cent mortgage-to-GDP ratio. As demographic changes are playing out, this ratio will go up. We are very certain that over the next decade this number will be in the teens

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