DHFL shares plunge 16% following reports of govt probe
Dewan Housing Finance (DHFL) shares on Thursday fell 16% after reports said the government has launched a probe into the company's alleged fund diversion. A media report accused DHFL's controlling shareholders, the Wadhawans, of diverting funds worth â¹31,000 crore, including loans from state-run banks, to shell firms. The company, however, said it hasn't received any communication from government.