Cobrapost said its revelations were not based on whistle-blowers documents but a result of its research
DHFL denies wrongdoing, says "will meet any scrutiny on any aspect of operations and will pursue these frivolous allegations to its logical conclusion"
Housing finance, which is the core business of DHFL, is expected to see a slowdown in loan growth
The proposed transaction is subject to definitive documentation, applicable regulatory and other approvals and certain other conditions
The stock has tumbled over 63 per cent since September 14.
The stock hit its lowest level since June 24, 2016 at Rs 191, falling 32% in past four trading days on the NSE.
YES Bank was up 5% to Rs 236, extending its past two days 9% gain, while Goa Carbon soared 19% to Rs 659, zooming 65% from its yesterday's 52-week low price of Rs 400 on the BSE.
Housing finance company DHFL Monday again asserted that it has not defaulted on any financial obligations and there has been no instance of delay in repayment of any liability. The company's shares had tanked by over 42 per cent on Friday, in sync with the broader market trend, due to concerns of liquidity crisis and exposure of non-banking financial companies (NBFCs) to the beleaguered IL&FS Financial Services. "DHFL today reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations, nor has there been any instance of delay on any repayment of any liability," a company statement said. The company Friday had also assured that it has not defaulted on any bonds or repayment. On September 21, 2018, DHFL fulfilled its commitment of repaying commercial papers worth Rs 575 crore, and as per schedule and terms, the company is repaying Rs 400 crore on September 24, 2018, it said further. The company said it has also received re-affirmation of .
DHFL has received re-affirmation of their present credit rating from agencies like CARE (AAA) and ICRA (A1)
DHFL surged 25% to Rs 439, while Infibeam Avenues and IL&FS Transportation Networks soared 20% each on the BSE in intra-day trade.
The company said it will raise resources and focus on borrowings from banks and international markets and through direct assignment
DHFL's market valuation tumbled Rs 81.20 billion to Rs 110.31 billion on BSE
Net Interest Margin has risen to 3.44% for Q1 FY2019, as against 3.05% in the comparable period of the previous financial year
Cites incomplete disclosures; firm says deal beneficial to shareholders
The company's net profit was Rs 185.90 crore in the corresponding period previous financial year
The stock up 7% to Rs 289 after the company reported 31.7% YoY jump in net profit at Rs 245 crore in Q3FY17
GIC Housing, Indian Hume Pipe, Aarti Ind, Essel Propack, GHCL and Force Motors were among 37 stocks from the S&P BSE BSE500 and S&P BSE Smallcap index who hit their respective lifetime highs
The stock hit a fresh record high of Rs 317, up 3%, extending its Monday's 2% gain on BSE.
On Tuesday, RBI lowered the repo rate or the rate at which it lends to banks by 0.25 per cent
DHFL's new commercial lends a dose of emotion to a purely logic-based decision