The Special Committee of the Board of Directors of Dewan Housing Finance Corporation Ltd (DHFL) had on 16th March, 2019, had accorded approval to disinvest to Olive Vine Investment Limited an affiliate of the Warburg Pincus Group ("Acquirer"), 1,92,50,719 (30.63%) equity shares i.e. the Company's entire shareholding held in Avanse Financial Services Limited ("Avanse").
The Reserve Bank of India (RBI) vide its letters received by Avanse on 4th June, 2019 has granted its prior approval for change in control / ownership and management of Avanse, subject to conditions. Accordingly, the divestment of the Company's stake in Avanse is expected to be completed shortly.
Shares of DEWAN HOUSING FINANCE CORPORATION LTD. was last trading in BSE at Rs.111.6 as compared to the previous close of Rs. 113.2. The total number of shares traded during the day was 1643979 in over 6131 trades.
The stock hit an intraday high of Rs. 115.65 and intraday low of 111.05. The net turnover during the day was Rs. 187236927.