,
5 tweets,
4 min read
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BIG BREAKING!
Kapil Wadhawan #DHFL to @CNBCTV18Live
- Delay in NCD payment is not a solvency issue
- Have underlying assets generating cashflow
- There was a sudden stoppage of availability of credit for DHFL post the Sep 2018 crisis
1/many
Kapil Wadhawan #DHFL to @CNBCTV18Live
- Delay in NCD payment is not a solvency issue
- Have underlying assets generating cashflow
- There was a sudden stoppage of availability of credit for DHFL post the Sep 2018 crisis
1/many
Kapil Wadhawan #DHFL to @CNBCTV18Live
- On track to pay 100 cr redemption due today
- Delayed 960 cr NCD payment due to asset-liability mismatch; something that banks could also face
- Can understand that investor confidence is shaken
2/many #mutualfunds
- On track to pay 100 cr redemption due today
- Delayed 960 cr NCD payment due to asset-liability mismatch; something that banks could also face
- Can understand that investor confidence is shaken
2/many #mutualfunds
Kapil Wadhawan #DHFL to @CNBCTV18Live
- Only source of funds for last 9 mths have been selling down of assets
- Since Sep 2018, have paid 35,000 cr of interest & principal
3/many #mutualfunds
- Only source of funds for last 9 mths have been selling down of assets
- Since Sep 2018, have paid 35,000 cr of interest & principal
3/many #mutualfunds
Kapil Wadhawan #DHFL to @CNBCTV18Live
- Engaged with lenders on a daily basis off late
- Lenders are being very helpful as this is not a solvency issue
- Hopeful of consummating stake sale within next couple of weeks
4/many #mutualfunds
- Engaged with lenders on a daily basis off late
- Lenders are being very helpful as this is not a solvency issue
- Hopeful of consummating stake sale within next couple of weeks
4/many #mutualfunds
Kapil Wadhawan #DHFL to @CNBCTV18Live
- Accruing cash generation of 2000 cr per month
end #mutualfunds
- Accruing cash generation of 2000 cr per month
end #mutualfunds
