Business »  Topic »  DHFL warns investors it may not survive as a going concern

DHFL warns investors it may not survive as a going concern


By Neha Dasgupta

NEW DELHI: One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation was so grim that it may not survive.

The company said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements."

"These developments may raise a significant doubt on the ability of the company to continue as a going concern," it said in notes accompanying results for the fourth quarter ending March 31 ...


Read the full text economictimes