BSE, NSE suspend trading of DHFL shares from June 14: Know why

Company is awaiting the written order of the NCLT approving the Resolution Plan, says the stock exchange

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) informed that DHFL will be suspended from trading with effect from June 14, that is closing hours of trading on June 11, 2021.

"Dewan Housing Finance Corporation Limited vide its announcement dated June 08, 2021 informed the Exchange regarding approval of the resolution plan by National Company Law Tribunal (NCLT), Mumbai Bench which provides for delisting of equity shares of the Company. Further, the Company vide announcement dated June 9, 2021 stated that no value was attributable to the equity shares as per the liquidation value of the Company estimated