The company will be holding a meeting on September 25 with its bank lenders to discuss the draft resolution plan.
Shares of Dewan Housing Finance Corporation (DHFL) added more than 3 percent in early trade on September 24 a day ahead of the company meeting where the draft resolution plan shall be discussed.
Another meeting with institutional creditors will be held on September 27, the company said in a release.
Recently, the board at a meeting on September 19, took on record the proposals from some developers to act as managers in large projects, including those under the Slum Rehabilitation Scheme for which the company has extended loans in the past.
At 0927 hrs, Dewan Housing Finance Corporation was quoting at Rs 42.45, up Rs 0.55, or 1.31 percent on the BSE.
The share touched its 52-week high of Rs 438.75 and its 52-week low of Rs 37.10 on 24 September 2018 and 23 August 2019, respectively.Currently, it is trading 90.32 percent below its 52-week high and 14.42 percent above its 52-week low.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.