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Indian home loan provider Dewan's shares slump over media report

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - Shares of home loan provider Dewan Housing Finance Corp fell 8 percent on Tuesday following a media report that alleged financial misappropriation by the controlling shareholders of the company.Dewan Housing, one of India's largest housing finance companies, said the Cobrapost website's report "appears to have been done with a mala fide intent to cause damage to the goodwill and reputation" and "resulting in erosion in shareholder value."Cobrapost said it stood by its reporting."I would like to see them rebut our stories point by point and also answer the detailed ...

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First Published: Tue, January 29 2019. 21:13 IST
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