DHFL Shares Hit Lower Circuit as Edelweiss Moves Bombay High Court for Recovery of Dues

New Delhi: Shares of DHFL continued with a downtrend as it tumbled scarcely 10 per cent and strike a reduce circuit extent on Thursday after Edelweiss Asset Management Ltd approached a Bombay High Court for liberation of impost from a uneasy firm.

The batch nosedived 9.98 per cent to tighten during Rs 23.45 on a BSE. On a National Stock Exchange, a scrip tight 9.96 per cent to settle during Rs 23.50. The shares strike reduce circuit as good as 52-week low on both a batch exchanges and staid on a same.

Shares of DHFL have been on a decrease given Oct 4, and have mislaid as most as 24.96 per cent given then. In a construction to a exchanges on Thursday, Edelweiss Financial Services pronounced a auxiliary Edelweiss Asset Management Ltd has approached a Bombay High Court for liberation of principal and seductiveness impost from DHFL.

“Our subsidiary, Edelweiss Asset Management Limited, (which has several schemes of mutual funds) has approached a Mumbai high justice for liberation of principal and seductiveness impost from DHFL, in line with movement taken by other peers in a industry,” Edelweiss Financial Services pronounced in a BSE filing on Thursday.

Meanwhile, heading repository CDSL freezed shareholding of a promoters of debt-ridden debt lender DHFL due to check in proclamation of a company’s financial earnings, sources had pronounced earlier.

DHFL, that has been exceedingly impacted by a NBFC predicament that unfolded late final year following a ILFS bankruptcy, has defaulted on mixed commitments.

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