How Loans to Promoters and Poor Disclosure Was Used To Boost Net Worth, Loan Book and Valuation of DHFL
DHFL's Promoters have a structured a deal that has allowed them to borrow from two mutual funds and indirectly inject the money into DHFL which boosted its net worth. A higher net worth of DHFL, in turn, has increased its borrowing and lending capacity and also boosted its valuation. In the process, the publicly held DHFL has underwritten a put option for the promoters the details of which...
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