Dewan Housing Finance Corp Ltd (DHFL) share price hit 10 per cent upper circuit at Rs 22.85 apiece intraday on BSE, even as the debt-ridden company in an exchange filing said that its shares would be delisted. Its share price hit 10 per cent upper circuit at Rs 22.85 apiece intraday on BSE, even as the debt-ridden company in an exchange filing said that its shares would be delisted. As part of the Resolution Plan, the equity shares of the company are proposed to be delisted. The shares, when delisted, would most likely become worthless. The resolution plan had already received approvals from the RBI in February and the Competition Commission of India (CCI) in April 2021.
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In conclusion,
If you have DHFL shares, be careful. It is going to be delisted, and shareholders will get nothing during delisting.