NEW DELHI: Shares of Dewan Housing Finance CorporationNSE -8.09 % (DHFL) plunged 7 per cent to touch their fresh 52-week low of Rs 87.50 in Friday's session and looked on course to extend their losing streak into the third consecutive session.
On Thursday, the stock plunged 16 per cent after rating agencies CrisilNSE 0.51 %, CARENSE 1.82 % and ICRANSE 0.15 % downgraded commercial papers (CP) issued by DHFL to default or ‘D’ category after the company missed an interest payment on its no ..
Meanwhile, the company is raising about Rs 900 crore by issuing Pass-Through Certificates (PTCs), or securities used in loan portfolio sales.
Meanwhile, the company is raising about Rs 900 crore by issuing Pass-Through Certificates (PTCs), or securities used in loan portfolio sales.
Shares of DHFL traded 4.21 per cent down at Rs 89.95 on
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