DHFL Shares Locked In 5% Lower Price Band

Shares of Dewan Housing Finance Corporation remained locked in the 5 percent lower price band at Rs 17.55 on BSE on October 25 and looked on course to extend their losing run into the fourth straight session.

The stock remained in the red even as it clarified in a BSE filing that it has taken cognizance of the key observations from the draft report prepared by KPMG.

"The company reiterates that it has taken cognizance of the key observations from the draft report prepared by KPMG, appointed by Union Bank of India, the lead banker of the consortium, on behalf of all the members of the consortium," DHFL said in a regulatory filing.

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