109th Day Of Lockdown

Maharashtra2384611326259893 Tamil Nadu134226859151898 Delhi110921876923334 Gujarat40155281832023 Uttar Pradesh3509222689913 Karnataka3341813838545 Telangana3222419205339 Andhra Pradesh2723514393309 West Bengal2710917348880 Rajasthan2334417634499 Haryana2038114912297 Madhya Pradesh1720112679644 Assam15537984936 Bihar1503910991118 Odisha11956797273 Jammu and Kashmir92615567149 Punjab71404945183 Kerala6535370828 Chhatisgarh3526283514 Uttarakhand3305267246 Jharkhand3192217022 Goa203912078 Tripura177313241 Manipur14357930 Puducherry120061916 Himachal Pradesh110182510 Nagaland6733030 Chandigarh5234037 Arunachal Pradesh2871092 Mizoram2031430 Sikkim134710 Meghalaya113451
Business Companies 16 Jul 2019 DHFL shares bounce b ...

DHFL shares bounce back; jump 6 per cent

PTI
Published Jul 16, 2019, 11:58 am IST
Updated Jul 16, 2019, 12:00 pm IST
The scrip jumped 5.97 per cent to Rs 51.40 on the BSE.
DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.
 DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

New Delhi: DHFL stock on Tuesday rebounded after suffering a massive selloff in the previous day, and surged 6 per cent after the company said it was working with stakeholders and creditors to ensure resolution of liquidity issues, without any haircut to the lenders.

The scrip jumped 5.97 per cent to Rs 51.40 on the BSE.

 

On the NSE, it rose by 5.97 per cent to Rs 51.40.

Dewan Housing Finance Corporation Limited (DHFL) stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

"We are closely working with the stakeholders/creditors to ensure that there is a comprehensive resolution, without any haircut to the lenders, as has been speculated by few sections of the media," DHFL said in a regulatory filing on Monday.

Further, DHFL said the sectorial stress is well known for months, the company withstood intense pressure and continues to remain strong and solvent.

 

DHFL also said it is in an advanced stage of submitting its resolution plan under the inter-creditor agreement as entered into by banks.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT