INSUBCONTINENT EXCLUSIVE:
stake and rope in a strategic partner.
Following the announcement, the stock climbed 5.11 per cent to hit a high of Rs 117.15 pm on BSE
The scrip had fallen to a five-year low of Rs 97 earlier in the session.
The company hosted an investor call at 10.00 am to address various
irregularities are false and the motivation of complaint was to bring down DHFL in the marketplace, ET Now quoted Chairman and MD Kapil
Wadhawan as saying.
CobraPost, known for investigative journalism, has alleged that promoters of the company siphoned off Rs 31,000 crore
The company has maintained that the allegations of financial irregularities have been made by a person who is neither a shareholder nor
borrower of the company.
Meanwhile, rating company CARE has cut by a notch the creditworthiness of about Rs 1.2 lakh crore of outstanding
securities at home financier, pointing to higher funding costs for para banks that have been buffeted by a series of defaults at
infrastructure financier ILFS.
Bonds, deposits and loans raised by DHFL from banks, mutual funds, insurers and superannuation funds faced
