BNP Paribas Arbitrage buys DHFL shares worth Rs 153 cr

BNP Paribas Arbitrage Fund Wednesday bought shares of DHFL worth over Rs 153 crore through open market transactions.

Besides, one Mridul Singhania bought scrips of Dewan Housing Finance Corporation Ltd (DHFL) worth Rs 50 crore.

According to bulk deal data available with NSE, BNP Paribas Arbitrage purchased 51,45,821 shares of the housing finance firm at Rs 297.87 apiece for a total amount of Rs 153.27 crore.

Shares of DHFL gained 1.32 per cent to settle at Rs 303.4 on the NSE.

Last Friday, the scrip of Dewan Housing Finance Corporation went into a tailspin on fears of a liquidity crisis, nosediving 42.43 per cent to end at Rs 351.55 on the BSE. Intra-day, it cracked 59.67 per cent to Rs 246.25 -- its 52-week low.

Shares of DHFL had bounced back sharply on Monday and ended nearly 12 per cent higher.

On Monday, DHFL had asserted that it has not defaulted on any financial obligations and there has been no instance of delay in repayment of any liability.

"DHFL reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations, nor has there been any instance of delay on any repayment of any liability," a company statement said Monday.

DHFL slumped 23.5 per cent Tuesday as fears of liquidity crisis continued to haunt sentiments.