DHFL hits over 10-year low after CDSL freezes promoters' shareholding

DHFL defaulted on multiple commitments after it was in trouble due to the non banking financial companies (NBFC) crisis which started after the fallout of IL&FS.

Shares of Dewan Housing Finance Corporation (DHFL) hit an over 10-year low and were locked in the lower circuit limit of 10 per cent at Rs 26.05 on the BSE on Wednesday after PTI report suggested that Central Depository Services (CDSL) has frozen the company’s promoter shareholding as the company has not filed results for the first quarter.

The stock of the housing finance company was trading at its lowest level since February 2009.

However, debt ridden DHFL on Monday after market hours said the board of directors of the company is scheduled to meet on October 17,