Lenders to bankrupt mortgage firm Dewan Housing Finance Limited (DHFLNSE 2.26 %) may have to take up to 30 per cent haircut on their loans even as the company had in its resolution plan promised a full payout of its debt over 10-20 years.
“We don’t have complete liability tenor and coupon profile,but aggregate haircut will be between 28-37 per cent for discounting rate between 9-12 per cent,” said Jefferies, a brokerage, in a report.
