Good news for fixed deposit holders of .... - YP Buzz

YP Buzz - 

           The holder's Dewan Housing Finance Corporation. Ltd. (DHFL), which is on the edge of losing a significant portion of their savings, may get some help, because the financial backers of the failed mortgage lender, is considering a higher payment to the FD holders as a part of the company's bankruptcy proceedings. 


The DHFL Creditor's Committee (COC) can give an extra Rs 966 crore for the FD holders of the bankruptcy, in accordance with the internal documents related to the DHFL settlement plan, which was shown to be due to the Mint. It will depend on the outcome of the vote and brings about a redistribution of resources between the variety of categories on the internet. 

So far, FD holders of the claims of 5,299 crore currency, but it is likely to return in less than one-half of them. 

If the payment has been approved, the FD holders have collectively received 2,189 crore currency, which will increase the profitability of the FD holders by 41.31% to 23.08% at this point in time.

Thanks & Regards, 
 YP Buzz

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