DHFL defers March 2019 quarter results; stock tanks 13%

Earlier on Tuesday, the company said it has defaulted on unsecured commercial paper (CP) of Rs 225 crore

Dewan Housing Finance Corporation Limited (DHFL) shares dipped 13 per cent to Rs 70.70 on the BSE during intra-day trade on Friday, after the company deferred the release of its March 2019 quarter (Q4) results which were schedueled to be announced on Saturday (June 29) to July 13.

The stock closed the day 11.75 per cent lower at Rs 72.10 as compared to a 0.48 per cent dip in the benchmark S&P BSE Sensex.

In a regulatory filing, the company cited "certain unforeseen operational engagements including nonavailability of a few directors to ensure participation of all the members of the