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Last Updated : Feb 11, 2019 11:20 AM IST | Source: Moneycontrol.com

DHFL shares fall 6% on buzz of I-T notice to probe ‘suspicious transactions’

According to a CNBC-TV18 report, the income tax department sent a notice to DHFL under Section 131 of I-T Act. Further, the company has been asked to furnish books of accounts.

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Shares of Dewan Housing fell nearly 6 percent on Monday morning as investors reacted to buzz of I-T department notice to the firm.

According to a CNBC-TV18 report, the income tax department sent a notice to DHFL under Section 131 of I-T Act. Further, the company has been asked to furnish books of accounts.

The report also stated that the Mumbai Division of I-T department has asked DHFL to explain suspicious transaction.

An I-T official told the channel that it has identified several suspicious transactions which need explanation.

At 11:16 hrs Dewan Housing Finance Corporation was quoting at Rs 104.45, down Rs 4.35, or 4.00 percent.
First Published on Feb 11, 2019 11:20 am
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