NEWS FEED


Altico Capital plans to sell realty loans to repay lenders

​​The company has also told lenders it will raise upfront cash by selling its loans to real estate projects where construction is moving at a brisk pace.

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HDIL appoints Knight Frank to value 40 land assets

While the principal loan on these assets is around Rs 2,200 crore, PMC Bank has been accused of fraudulently extending Rs 4,500 crore to HDIL on the back of security of these properties. Knight Frank will have to submit its report in 7-10 days.

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Bondholders take DHFL to bankruptcy court

The application was filed on Oct 16 in the Mumbai Debts Recovery Tribunal to claim 268.61 billion rupees ($3.8 billion), it said.

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ED identifies 1,700 acres land owned by HDIL in Sindhudurg

​It has also traced four Andheri West flats of former PMC Bank chairman Waryam Singh, the other accused in a money laundering case filed in the Rs 4,355 crore bank fraud.

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LIC, EPFO, IFC, others engage with DHFL creditors' panel to find a resolution

Banks have yet to finalise a resolution plan for the mortgage lender.

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Altico Capital submits resolution plan for full repayment over five years

While banks may be repaid using funds from proposed asset monetization, mutual funds like Nippon India or UTI MF could be issued upfront bonds.

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Indiabulls Housing Finance files complaint for spreading wrong information about firm

According to the company, some persons are spreading "false, malicious messages" about the company through various social media platforms such as tweets and are doing "wrongful loss".

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HDIL promoters' requests authorities to sell 18 assets

The 18 assets, which were attached provisionally by the Enforcement Directorate (ED) as part of its investigation into the scam’s money-laundering aspect, are estimated to be worth around Rs 1, 000 crore, as per HDIL sources.

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ICRA downgrades DHFL’s pooled loans to default

According to ICRA, three home loan-backed pools have been downgraded to default, while others have been downgraded to double-B from BBB.

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Baring Partners, strategic investor in race to buy 30% in Can Fin Homes

“The prime driver for this deal is Canara Bank seeking to get Rs 1,000 crore out of the transaction. The cost of funds has shot up from last year,” said a source close to the development.

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SBI seeks Finance ministry's intervention for DHFL resolution

Lack of coordination is causing hurdles, SBI feels. The bank is worried about systemic risk if efforts to finalise the resolution plan do not go through. While NBFCs have taken a hit on their advances, banks have yet to mark such credit as NPAs.

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HDIL owes Rs 2,815 crore interest on PMC bank loans

Rakesh and Sarang Wadhawan, the father-son duo who are directors of HDIL, are currently being questioned by the police.

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Delhi HC seeks UIDAI's stand on plea to link property with Aadhaar

The court also asked the Centre and the Delhi government to file their response, which they had not despite issuance of notice to them on July 16.

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