For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

DHFL Gains 18% After Company Disregards CEO's Resignation

|

Shares of Dewan Housing Finance Corporation Limited (DHFL) have recovered from intra-day low of Rs. 104 on the BSE after the company shrugs off CEO's resignation. The stock last quoted higher by 15.78% at Rs. 128, against previous session's closing price of Rs. 110.55 per share. DHFL shares in trade today made an intra-day high of Rs. 131.15 on the BSE.

DHFL Gains 18% After Company Disregards CEO's Resignation
 

The company's shares in the opening trade on Thursday traded in the red after company's Joint Managing Director (MD) and Chief Executive Officer (CEO) Harshil Mehta resigned with immediate effect on Wednesday. Though, as per a regulatory filing, Harshil Mehta will continue his association with the company in the position of Executive President- Retail Business with effect from 14th February 2019.

Further after the Cobrapost expose, the promoters of DHFL, Wadhawans are looking out for a strategic investor to provide fresh equity to the company. And the decision to this effect is likely to be taken in 90 days. Consequently, the promoter holding in the company will be diluted.

GoodReturns.in

Read more about: dhfl cobrapost
Story first published: Thursday, February 14, 2019, 15:42 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more