The stock quoted a 52-week high of Rs 333.7 and a 52-week low of Rs 8.45.

Its shares hit the upper price band on both the stock exchanges.

DHFL was scheduled to announce its financial results on November 25.

DHFL is set to become the first NBFC to go for bankruptcy resolution.

Lenders may convert part of DHFL’s debt into 51 per cent equity.

DHFL sits on a debt pile of Rs 90,000 crore and has defaulted on various obligations.

The board will meet to look through the potential proposals and decide the way forward.

A debt restructuring plan is in the works, and the company looks determined to bounce back.

DHFL posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

NCLT dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding.

Bankers to DHFL met on Monday and agreed in principle to sign an ICA.

The scrip has lost 70 per cent of its market value in 2019 so far.

DHFL was scheduled to announce its Q4 numbers on June 29.

Rating agencies Crisil, CARE and ICRA have downgraded commercial papers issued by DHFL.

The scrip had fallen to a five-year low of Rs 97 earlier in the session.

According to the housing finance firm, since September 21, 2018 it has repaid commercial paper holders Rs 9,465 crore.

Such instruments carry lowest credit risk, as per the definition by Crisil.