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A wholly owned subsidiary and the investment banking arm of State Bank of India
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To be the best India-based investment bank.

We help clients access insightful advice, plan for growth, gain and deploy capital, and harness their full potential, so they can succeed in the constantly changing business world.

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Sell-side Advisory

Dewan Housing Finance Corporation Limited

First NBFC to be resolved through Corporate Insolvency Resolution Process (CIRP) under IBC 2016

2021

Deal Highlights

SBICAPS role – Identifying potential buyer for the Loan portfolio of DHFL. Assisted DHFL in structuring and closure of Transaction.

 

Details of the Transaction (Including unique traits, if any) –

  • DHFL was facing severe liquidity crunch. SBICAPS assisted DHFL in selling its select loan portfolio of ~Rs. 2,957 crore to Small Business FinCredit India Private Limited (SBFC) at par through Securitisation in order to meet its liquidity requirement.
  • One-off transaction wherein a stressed NBFC received 80% of the deal consideration as upfront cash and balance 20% as delayed payment in the form of Pass Through Certificates (PTCs).

 

Key Learnings

  • Insights in to the due diligence process encompassing critical portfolio parameters identified by NBFCs for purchase/sale of loan portfolio
  • Various applicable guidelines for a Securitisation Transaction.

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