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DHFL Shares Lock In Upper Circuit On Reports Of Adani Group's Interest


The shares of DHFL which has now been taken over by the RBI were locked in 5% upper circuit in Friday's trade. The surge came after the reports that Adani Group has showed interest to take over the debt ridden company.

DHFL Shares Lock In Upper Circuit On Reports Of Adani Group's Interest


DHFL shares opened at an upper price band of Rs 22.20 per share against its previous day's closing of Rs. 21.15.

As per a CNBC TV 18 report, the Adani Group has even few months before shown interest in the NBFC firm in both its retail as well as wholesale ventures. Also, after the RBI is said to start with insolvency proceedings, Piramal Group and Apollo have expressed interest to take over the company.

DHFL will be the first NBFC company to be referred to the National Company Law Tribunal (NCLT) under new rules notified by the government

Read more about: dhfl rbi insolvency nclt
Story first published: Friday, November 22, 2019, 10:42 [IST]
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