Shares of Dewan Housing Finance Corp Ltd surge as much as 21.2 per cent.
DHFL is also in talks to sell its life insurance arm to a domestic partner and has appointed investment bankers for the same. (photo: file)
Shares of Dewan Housing Finance Corp Ltd surge as much as 21.2 per cent on Wednesday, after the home loan provider released a report by an independent chartered accountant saying that it had not created shell companies to divert funds.
Investigative media outlet Cobrapost had alleged in January that loans from Indian state-run lenders were diverted by Dewan Housing to shell companies, including those linked to its controlling shareholders.
( Source : reuters )
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