Mumbai: Dewan Housing Finance (DHFL) scrips tanked over 17 pc on the BSE after the company said it would neither accept new deposits nor allow premature withdrawals.
Shares of Dewan Housing Finance Ltd slumped over 9 pc Wednesday amid reports. “In view of the recent revision in the credit rating of our Fixed Deposit program, acceptance of all fresh deposits, as well as renewals, has been put on hold with immediate effect,” the company said.
“Further, to help us re-organise our liability management, the pre-mature withdrawal of deposits has also been put on hold,” DHFL said. On the National Stock Exchange (NSE), the shares declined 9.81 pc to close the counter at Rs 117.25 apiece.
In terms of equity volume, 55.86 lakh shares on the BSE and nearly 6 crore scrips on the NSE were traded during the day. Last week, the firm in regulatory filings said credit rating agencies — Crisil, Icra, Care Ratings and Brickwork Ratings — have downgraded the company’s ratings.
