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Housing Finance company DHFL stocks dip 8 percent after charge of Rs. 31,000 cr fraud


Devdiscourse News Desk mumbai India
Updated: 30-01-2019 10:14 IST
Housing Finance company DHFL stocks dip 8 percent after charge of Rs. 31,000 cr fraud

The scrip of housing finance company.DHFL closed over 8 per cent lower on Tuesday as an investigative media report alleged syphoning off of Rs 31,000 crore from the company by its promoters. Accordingly, the company's scrip at the BSE closed more than 8 per cent or Rs 14.80 lower to Rs 170.05 from its previous close of Rs 184.85. On an intra-day basis, the scrip had slumped over 12 per cent to touch a low of Rs 164.50 per share.

DHFL was founded in 1984, to provide financial accessibility to lower and middle-income customer segments among the semi-urban and rural population in India.

(With inputs from agencies.)

COUNTRY : India

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