DHFL lenders set to declare 65% of its loans as unsustainable, says report
Updated : August 23, 2019 08:37 AM IST
As per the sources in the know, of the total Rs 24,700 crore of unsustainable debts or the portion of the loans that crisis led HFC company through its cash flow, Rs 760 crore will be converted to equity at Rs 54 per share, the report said.
Sustainable loans of Rs 13,300 crore will receive an annual interest of 8.5 percent which has to be repaid over eight years, the report added.
As per the company's investor presentation, DHFL's total bank debt amounts to Rs 38,000 crore as on December 31.