EPFO looking for early redemption of DHFL bonds worth 700 crore

EPFO looking for early redemption of DHFL bonds worth 700 crore

Livemint

NEW DELHI: The Employees' Provident Fund Organisation (EPFO) will seek early redemption of about ₹700 crore worth of bonds of troubled mortgage lender Dewan Housing Finance Corp. Ltd (DHFL) to safeguard workers' savings.

The retirement fund manager will exercise an early exit option to redeem investments in 10-year bonds of DHFL that mature in 2024, said Prabhakar Banasure, a member of the finance investment committee of EPFO.

"Of the total ₹1,300 crore bond investments (in DHFL), we are yet to recover ₹ 700 crore.

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