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Dewan Housing Finance (DHFL) Ends 10% Higher Over Stake Sale Reports

Dewan Housing Finance (DHFL) Ends 10% Higher Over Stake Sale Reports

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 March 2019 12:30 PM GMT

Mumbai: Dewan Housing Finance (DHFL) settled nearly 10 per cent higher on Thursday after touching an intra-day high of 13.64 percent on the BSE over reports that Piramal Group and Baring Private Equity (PE) may acquire majority stake in the housing finance company.

Scrips of the housing finance company closed the day’s trade at Rs 149.20 per share, up by Rs 12.80 or 9.38 per cent.

DHFL, however, said in a regulatory filing that “on February 4, the Chairman and Managing Director or the company had mentioned that there is an intent to bring in strategic investors in the company. The Board or Directors had constituted a special committee to evaluate such interest.” (IANS)

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