Deal likely in 90 days, they say; promoter holding to be diluted on expanded equity
The stock moved 11% higher at Rs 123, bouncing back 27% from its six-year low price of Rs 97 touched on BSE in early morning trade on Monday.
I think DHFL's response is very specific, business like and to the point. Its only mistake perhaps was that it was not signed by their top man
CARE cut ratings from "AAA" to "AA+" for debentures, loans and deposits
A report by Cobrapost claimed that DHFL, through layers of 45 shell companies, allegedly siphoned off Rs 31,000 crore out of the total bank loans of Rs 97,000 crore
The stock declined 14% at Rs 139, to touch its lowest level since May 16, 2014, on the BSE.
First victim of the NBFC crisis, the company's m-cap already down by 60% since September
The stock was down 5 per cent to Rs 162 on Wednesday, falling 23 per cent in past three days from level of Rs 209 on Friday, January 25, 2019.
Cobrapost said its revelations were not based on whistle-blowers documents but a result of its research
DHFL denies wrongdoing, says "will meet any scrutiny on any aspect of operations and will pursue these frivolous allegations to its logical conclusion"
Housing finance, which is the core business of DHFL, is expected to see a slowdown in loan growth
The proposed transaction is subject to definitive documentation, applicable regulatory and other approvals and certain other conditions
The stock has tumbled over 63 per cent since September 14.
The stock hit its lowest level since June 24, 2016 at Rs 191, falling 32% in past four trading days on the NSE.
YES Bank was up 5% to Rs 236, extending its past two days 9% gain, while Goa Carbon soared 19% to Rs 659, zooming 65% from its yesterday's 52-week low price of Rs 400 on the BSE.
Housing finance company DHFL Monday again asserted that it has not defaulted on any financial obligations and there has been no instance of delay in repayment of any liability. The company's shares had tanked by over 42 per cent on Friday, in sync with the broader market trend, due to concerns of liquidity crisis and exposure of non-banking financial companies (NBFCs) to the beleaguered IL&FS Financial Services. "DHFL today reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations, nor has there been any instance of delay on any repayment of any liability," a company statement said. The company Friday had also assured that it has not defaulted on any bonds or repayment. On September 21, 2018, DHFL fulfilled its commitment of repaying commercial papers worth Rs 575 crore, and as per schedule and terms, the company is repaying Rs 400 crore on September 24, 2018, it said further. The company said it has also received re-affirmation of .
DHFL has received re-affirmation of their present credit rating from agencies like CARE (AAA) and ICRA (A1)
DHFL surged 25% to Rs 439, while Infibeam Avenues and IL&FS Transportation Networks soared 20% each on the BSE in intra-day trade.
The company said it will raise resources and focus on borrowings from banks and international markets and through direct assignment
DHFL's market valuation tumbled Rs 81.20 billion to Rs 110.31 billion on BSE