DHFL recovers after slipping 8%; auditors seek more info on financials

In January this year, there were allegations against the company's management and promoters over end use of certain funds loaned

Shares of Dewan Housing Finance Corporation (DHFL) dipped 8 per cent in Tuesday's trade to hit an intra-day low of Rs 44.5 on the National Stock Exchange (NSE), after reports suggested that the company's auditors have sought more financial information from the management. However, the counter revovered and was trading 2.7 per cent higher at Rs 49.8 levels at 10:15am. The stock had tanked 29 per cent on Monday to 10-year low.
 

As per a Business Standard report, the two statutory auditors, Deloitte Haskins and Sells and Chaturvedi & Shah, had, on June 6, sought additional financial information