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Dewan Housing Sells Rs 7,400-Crore Loans, Repays Rs 14,000-Crore Debt Amid Liquidity Crunch In Market

Dewan Housing sold loans worth Rs 7,400 crore to eight banks and repaid Rs 14,000 crore of debt since Sept. 24.

Darshan Mehta

Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Dewan Housing Finance Corporation Ltd. sold loans worth Rs 7,400 crore and repaid Rs 14,000 crore of debt in the past two months even as non-bank lenders faced a liquidity crisis.

Also Read: A Bond Sale That Eroded Rs 8,158 Crore From DHFL’s Market Value In A Day

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