The board also approved raising the authorised share capital from Rs 828 crore to Rs 1,090.39 crore. Among other decisions, the DHFL board also approved availing additional credit facilities based on the existing borrowing limits and disposal of whole or part of the undertakings or assets of the company. The announcement was made after market hours on Friday, 30 August 2019.

Earlier this month, DHFL said that its draft resolution plan, which was submitted to the lenders, spares creditors from having to take haircuts on principal payments. As part of the resolution plan, which was cleared by the special committee of the DHFL board on 6 August 2019, DHFL will put a moratorium of repayments and will also seek funding from banks and the National Housing Board for re-starting retail lending. DHFL, in a regulatory filing, said that the plan will also take steps to address the asset-liability mismatch.

On the BSE, 13.97 lakh shares were traded in the counter so far compared with average daily volumes of 24.76 lakh shares in the past two weeks. The stock hit a high of Rs 49.1 and a low of Rs 46.4 so far during the day.

The stock hit a 52-week high of Rs 690 on 03 Sep 2018. The stock hit a 52-week low of Rs 37.1 on 23 Aug 2019. The scrip slumped 92.85% in past one year as against 3.51% fall in the Sensex.

DHFL will release its Q1 earnings by 14 September 2019. DHFL reported a net loss of Rs 2,223.41 crore in Q4 March 2019 compared with net profit of Rs 134.35 crore in Q4 March 2018. Its total income rose 9.3% to Rs 3,111.34 crore in Q4 March 2019 over Q4 March 2018.

Powered by Capital Market - Live News

The board also approved raising the authorised share capital from Rs 828 crore to Rs 1,090.39 crore. Among other decisions, the DHFL board also approved availing additional credit facilities based on the existing borrowing limits and disposal of whole or part of the undertakings or assets of the company. The announcement was made after market hours yesterday, 30 August 2019.

Earlier this month, DHFL said that its draft resolution plan, which was submitted to the lenders, spares creditors from having to take haircuts on principal payments. As part of the resolution plan, which was cleared by the special committee of the DHFL board on 6 August 2019, DHFL will put a moratorium of repayments and will also seek funding from banks and the National Housing Board for re-starting retail lending. DHFL, in a regulatory filing, said that the plan will also take steps to address the asset-liability mismatch.

Shares of DHFL rose 0.85% to end at Rs 47.60 on Friday, 30 August 2019. The stock hit a 52-week high of Rs 690 on 3 September 2018 and hit a 52-week low of Rs 37.10 on 23 August 2019. The stock underperformed the market over the past one month, falling 4.80% compared with 0.17% fall in the Sensex. The scrip slumped 92.85% in past one year as against 3.51% fall in the Sensex.

DHFL will release its Q1 earnings by 14 September 2019. DHFL reported a net loss of Rs 2,223.41 crore in Q4 March 2019 compared with net profit of Rs 134.35 crore in Q4 March 2018. Its total income rose 9.3% to Rs 3,111.34 crore in Q4 March 2019 over Q4 March 2018.

Powered by Capital Market - Live News

Dewan Housing Finance Corporation will hold a meeting of the Board of Directors of the Company on 30 August 2019.

Powered by Capital Market - Live News

Dewan Housing Finance Corporation announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2019.

Powered by Capital Market - Live News