For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

DHFL Shares Slump Another 8% On Worries Of Default

|

Shares in DHFL slumped another 8% on Friday, following Thursday's sharp drop as worries over servicing debt obligations came to the fore.

The stock was last trading at Rs 86.40, down another 8 per cent in trade. CRISIL had earlier this week, downgraded DHFL debt securities to 'D' or default category.

DHFL Shares Slump Another 8% On Worries Of Default
 

According to a news report in the Economic Times, the company is looking to raise about Rs 900 crore by issuing Pass Through Certificates (PTCs), or securities used in loan portfolio sales.

The shares of the company have slumped from 52-week high levels of Rs 691, seen in the month of Sept 2018, to the current levels of Rs 88. The ongoing liquidity crunch in the sector has weighed on the company.

GoodReturns.in

Read more about: shares stocks stock markets dhfl
Story first published: Friday, June 7, 2019, 11:52 [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