DHFL paid investors around Rs 276.05 crore on it’s principal and interest obligations towards its non-convertible debentures, according to its exchange filing late on Friday. Dewan Housing Finance Corporation Ltd. paid investors and depositors part of repayments due after missing the deadline earlier this week.
The interest of Rs 962 crore was due on Tuesday, June 4, of which Rs 59.74 crore has been paid to 35,595 of the 36,700 retail investors in NCDs.
The company met its obligations towards Rs 16.31 crore worth of privately placed NCDs, which were due on June 6.
The interest of Rs 80 crore and principal of Rs 120 crore was owed to 15 investors in privately placed NCDs. The company arranged for funds and met its obligations on the redemption date of June 4.
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CARE Ratings downgraded DHFL’s all outstanding borrowings of Rs 1 lakh crore to ‘Default’ after the non-bank lender missed interest payments on debentures earlier this week.