Shares of Dewan Housing Finance Ltd (DHFL) were locked in the upper circuit band of 5 per cen,t at Rs 15.8 on the BSE, on Thursday after media report suggested that the housing finance firm is expected to resume lending after a gap of seven months.
The corporation, which is under insolvency resolution process, is planning to resumt lending to "stay relevant in the business".
"Central bank- appointed administrators at DHFL have decided to lend about Rs 500 crore every month beginning the next few weeks... Resumption of normal business operations, albeit on a smaller scale, is aimed at strengthening