DHFL stocks end 10% over stake sale reports

Mumbai: Dewan Housing Finance (DHFL) settled nearly 10 per cent higher on Thursday after touching an intra-day high of 13.64 per cent on the BSE over reports that Piramal Group and Baring Private Equity (PE) may acquire majority stake in the housing finance company.

Scrips of the housing finance company closed the day’s trade at Rs 149.20 per share, up by Rs 12.80 or 9.38 per cent.

DHFL, however, said in a regulatory filing that “on February 4, the Chairman and Managing Director or the company had mentioned that there is an intent to bring in strategic investors in the Company.

“The Board or Directors had constituted a special committee to evaluate such interest.
However, no further discussions or decision in relation to the same have been made by the Board of Directors of the Company.”