Business Standard

DHFL surges 20% after independent CA report on Cobrapost allegations

The stock surged 20% to Rs 161 in early morning deal on Wednesday after an independent CA firm finds that the DHFL has not promoted any of the 26 shell companies, alleged by news portal Cobrapost.

DHFL
Premium

A woman walks past a signboard of DHFL outside its office on the outskirts of Mumbai Photo: reuters

SI Reporter Mumbai
Shares of Dewan Housing Finance Corporation (DHFL) surged 20 per cent to Rs 161 apiece on the BSE in early morning trade after the company informed the stock exchanges that an independent chartered accountant firm report said that the housing finance company has not promoted any of the 26 shell companies, which were alleged to have siphoned off about Rs 31,000 crore of the company by investigative news portal Cobrapost.

Cobrapost sought responses to 64 allegations which were levelled upon the promoters, DHFL and various entities alleged to be controlled by the promoter group.

DHFL’s audit committee in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in