DHFL hits 5% upper circuit amid reports Co may resume lending in few weeks

The report added that the consortium of lenders, led by the State Bank of India, granted the permission to resume lending in October.

Shares of Dewan Housing Finance Ltd (DHFL) were locked in the upper circuit band of 5 per cen,t at Rs 15.8 on the BSE, on Thursday after media report suggested that the housing finance firm is expected to resume lending after a gap of seven months.

The corporation, which is under insolvency resolution process, is planning to resumt lending to "stay relevant in the business".

"Central bank- appointed administrators at DHFL have decided to lend about Rs 500 crore every month beginning the next few weeks... Resumption of normal business operations, albeit on a smaller scale, is aimed at strengthening