Bankers may reject DHFL revival plan over SFIO probe

In the aftermath of a KPMG forensic audit report that highlighted likely cases of fund diversion and related party transactions at DHFL, the SFIO ordered probe, likely halting the current process to restructure Rs 83,873 crore in outstanding debt. Bankers said the probe might prompt some potential buyers to stay away, as would the suggested capital structure in the current plan.

from Banking/Finance-Industry-Economic Times https://ift.tt/2r2qpnZ