DHFL at 5% UC

about 2 months ago
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Dewan Housing Finance Ltd (DHFL), which is among the top five gainers on the BSE is locked at its 5% UC of Rs.15.80.

There is unconfirmed news that the company will resume lending after a gap of seven months.

The news, broken by Economic Times said that the RBI appointed administrators at DHFL have decided to lend about Rs.500 crore every month, beginning in the next few weeks. The report said that the consortium of lenders, led by SBI had granted the go-ahead for lending in October itself.

The report said, “Resumption of normal business operations, albeit on a smaller scale, is aimed at strengthening DHFL’s credentials as a ‘going concern’ and eventually helping secure better valuations at the closure of the ongoing resolution process."

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