DHFL shares jump 7% as promoters look for buyers

NEW DELHI: Shares of Dewan Housing Finance Corporation (DHFL) jumped 6.7 per cent in afternoon trade on Thursday, touching Rs 139.5, after reports came out that the promoters of the company have mandated Barclays Group Plc and NM Rothschild to run a formal process to find a buyer.

Holding company Wadhawan Global Capital has initiated talks with more than a dozen financial and strategic investors in India and abroad to sell a controlling stake, ET reported.

The report added that private equity funds including Blackstone Group, KKR & Co and Baring Private Equity (Asia), besides strategic investors such as Hero Group and Piramal Group have been sounded out for a potential sale.


Shares of the company closed 5.22 per cent up at Rs 137.10 on BSE .