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Dewan Housing shares fall after CEO resigns


(Reuters) - Shares in fell as much 6.5 percent on Thursday morning after the home loan provider's Mehta resigned.

Dewan shares have lost nearly 50 percent of their value since allegations of financial mismanagement by Cobrapost late last month.

Dewan denied the allegations and held a conference call on Feb. 4 to assuage its investors on liquidity concerns, saying it was keen to sell assets and some of its businesses.

(Reporting By in Bengaluru; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 10:08 IST