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DHFL hits 10% upper circuit on report of Adani, Piramal submitting bids

The Administrator of the Company has received four resolution plans with respect to the options given to the Prospective Resolution Applicants

DHFL
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DHFL

SI Reporter Mumbai
Shares of Dewan Housing Finance Corporation (DHFL) were locked in 10 per cent upper circuit at Rs 13.87 on the BSE on Monday on reports that Adani and Piramal were among four bids for the troubled non-banking finance company (NBFC).

Till 09:59 am, a combined 780,000 shares had changed hands and there were pending buy orders for 2.3 million shares on the NSE and BSE.

“The Administrator of the Company has received four (4) resolution plans with respect to the options given to the Prospective Resolution Applicants (PRAs) as per the Invitation for Expression of Interest for Submission