In Wednesday’s trade, DHFL surged nearly 4 per cent on reports that lenders will consider the housing finance company and were ready to accept limited haircuts in a restructuring plan being worked out for the distressed firm.
Following the report, the scrip surged 3.65 per cent to hit a high of Rs 52.45 on BSE.
On Saturday, he country’s fourth largest Housing Finance Company met lenders and other debt holders last week to discuss the outline of a rescue package. Earlier the same firm has warned that its financial situation was tight and business had to earth to a stop,
But analyst experts say the firm may thrash to find buyers for the businesses it wants to sell or attract other investors to raise to Rs 7,000 crore in extra equity that DHFL wants.
Meanwhile, DHFL will be excluded from the equity derivatives segment on the NSE from September 27.
Read EquityPandit’s Nifty Outlook for the Week