homefinance News

Global investors looking to buy DHFL bonds at a discount, says report

Global investors looking to buy DHFL bonds at a discount, says report

Global investors looking to buy DHFL bonds at a discount, says report
Profile image

By CNBC-TV18 Mar 20, 2019 9:07:25 AM IST (Published)

Global buyout firms such as KKR & Co, Baring Private Equity (Asia), SSG Capital and US-based Peregrine are looking to purchase outstanding bonds in DHFL, reported The Economic Times. 

Global buyout firms such as KKR & Co, Baring Private Equity (Asia), SSG Capital and US-based Peregrine are looking to purchase outstanding bonds in DHFL, reported The Economic Times

Recommended Articles

View All

These global investors have approached certain high profile funds who hold the bonds, the report said citing multiple sources with direct knowledge of the negotiations.
“Talks are focused on discounts of 15 to 30 percent as select investors holding these bonds want to improve their cash positions…It is time for some tough bargaining,” one of the sources was quoted as saying in the report.
As per the report, the current holders of these bonds include mutual funds and retirement money managers, banks and other financial institutions.
Data from Value Research revealed that mutual funds that had earlier bought DHFL debt papers include UTI, Reliance, Axis, DSP and JM, said the report.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng