During the investors' call held on February 4, the chairman and managing director of DHFL had mentioned that there is an intent to bring in strategic investor(s) in the company. The board of directors had constituted a special committee to evaluate such interest.
"However, no further discussions or decision in relation to the same have been made by the board of directors of the company. In case any such decision is taken by the board, we will intimate the Stock Exchanges as per the provisions of SEBI Listing Regulations," DHFL said in a clarification on media reports that Piramal Group and Baring Private Equity (PE) were in talks to acquire majority stake in the company.
Despite a sharp run-up in the past two months, the stock has fallen 75 per cent from its 52-week high level of Rs 690, touched on September 3, 2018, on liquidity crises.
At 12:22 pm, DHFL was trading 1 per cent lower at Rs 171 on the BSE, as compared to a 0.08 per cent decline in the S&P BSE Sensex. A combined 13.5 million equity shares changed hands on the counter on the BSE and NSE so far.