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DHFL soars on getting nod from NHB to sell entire stake of Aadhar Housing Finance

Dewan Housing Finance Corporation is currently trading at Rs. 119.35, up by 2.80 points or 2.40% from its previous closing of Rs. 116.55 on the BSE.

The scrip opened at Rs. 116.80 and has touched a high and low of Rs. 120.35 and Rs. 116.50 respectively. So far 492363 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 690.00 on 03-Sep-2018 and a 52 week low of Rs. 97.00 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 142.75 and Rs. 110.25 respectively. The current market cap of the company is Rs. 3748.62 crore.

The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 22.42% and 38.37% respectively.

Dewan Housing Finance Corporation (DHFL) has received an approval from the National Housing Bank (NHB) to sell its entire stake of 9.15% in Aadhar Housing Finance to Blackstone’s arm. The divestment of the company’s stake in Aadhar is expected to be completed shortly.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

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