The signage for Dewan Housing Finance Corporation Ltd. (DHFL) atop a building in Mumbai, India. (Photo: BloombergQuint)
Financial creditors to Dewan Housing Finance Corporation Ltd. are considering an option where retail depositors and small investors in non-convertible debentures can have their principal dues settled in full.According to two people with direct knowledge of the matter, creditors led by State Bank of India have proposed that about 5% of the proceeds from DHFL’s resolution process can be set aside for such a settlement plan. The people ...