Dewan Housing Finance shares plunge 11% after media report
Dewan Housing Finance (DHFL) shares fell as much as 11% on Tuesday following a media report that alleged over â¹31,000-crore fraud by its controlling shareholders, the Wadhawans. The report alleged they diverted funds, including money borrowed from state-run banks, to shell companies. DHFL in response said the report was made with "mala fide intent" to damage its "goodwill and reputation".