DHFL surges 10% on stake sale buzz; up 30% from Thursday's low of Rs 104

The stock moved higher by 10 per cent to Rs 135 on the BSE in otherwise weak market.

Shares of Dewan Housing Finance Corporation Limited (DHFL) moved higher by 10 per cent to Rs 135 apiece on the BSE in an otherwise weak market, on reports that private equity (PE) firms are eying a minority stake in the housing finance company.

Baring, Bain and Hero Fincorp are in talks to buy a 10 per cent stake in DHFL, the Economic Times reported quoting people with knowledge of the matter.

"DHFL promoters are looking to sell a 10 percent stake to strategic investors through various ways, including an open offer. PE firms including Bain Capital, Baring India