Dewan Housing Finance shares rise by nearly 5% amid reports that private equity firms are vying for 10% stake

Dewan's shares gained 4.67 percent to close at Rs 128.90 on BSE. During the day, it zoomed 9.94 percent to Rs 135.40

Press Trust of India February 18, 2019 19:15:05 IST
Dewan Housing Finance shares rise by nearly 5% amid reports that private equity firms are vying for 10% stake
  • At NSE, shares rose by 4.58 percent to close at Rs 128.85

  • BSE had sought clarification from Dewan Housing Finance Corporation earlier in the day with reference to the news

  • CMD of Dewan had mentioned that there is an intent to bring in a strategic investor(s) in the company

New Delhi: Shares of Dewan Housing Finance Corporation Ltd rose by nearly 5 percent Monday amid reports that private equity firms are vying for a 10 percent stake in DHFL.

The company's shares gained 4.67 percent to close at Rs 128.90 on BSE. During the day, it zoomed 9.94 percent to Rs 135.40.

At NSE, shares rose by 4.58 percent to close at Rs 128.85.

Dewan Housing Finance shares rise by nearly 5 amid reports that private equity firms are vying for 10 stake

Representational image. Reuters.

BSE had sought clarification from Dewan Housing Finance Corporation earlier in the day with reference to the news.

During the investors' call held on 4 February, the Chairman and Managing Director of the company had mentioned that there is an intent to bring in a strategic investor(s) in the company, DHFL later said in a clarification to the BSE.

"However, please note that no further discussion or decision in relation to the same has been made by the Board of Directors of the company," it added.

Apart from this, there is no other price sensitive information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 which could have bearing on the share price of the company, it said.

Updated Date:

also read

Sensex climbs 672 points as markets remain firm in early trade
India

Sensex climbs 672 points as markets remain firm in early trade

All the 30-share Sensex pack of firms were trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro and Tata Steel emerging as major winners

Nirmala Sitharaman asks women entrepreneurs to take up leadership roles
Business

Nirmala Sitharaman asks women entrepreneurs to take up leadership roles

According to data, the average number of women on boards of domestic companies was 1.03, and 58 per cent of them are independent directors, while 42 per cent are non-independent, she said

Equity markets fall in early trade; investors lookout for US Fed policy meet results
Business

Equity markets fall in early trade; investors lookout for US Fed policy meet results

The 30-share BSE Sensex declined 227.93 points to 59,491.81 in initial trade. The NSE Nifty went lower by 55.05 points to 17,761.20. However, later both the benchmark indices turned choppy