Dewan Housing jumps after auditor report says no funds diversion
Shares of Dewan Housing Finance Corp Ltd surge as much as 21.2 per cent.
By : DC Correspondent
Update: 2019-03-06 04:52 GMT
Shares of Dewan Housing Finance Corp Ltd surge as much as 21.2 per cent on Wednesday, after the home loan provider released a report by an independent chartered accountant saying that it had not created shell companies to divert funds.
Investigative media outlet Cobrapost had alleged in January that loans from Indian state-run lenders were diverted by Dewan Housing to shell companies, including those linked to its controlling shareholders.