Dewan Housing Finance Corporation shines as its arm gets nod for scheme of amalgamation

Piramal Finance Ltd. | Finance - Housing | BFSI | BSE: 544597 | NSE: PIRAMALFIN

09 Jan 2013 Evaluate

Dewan Housing Finance Corporation is currently trading at Rs. 217.50, up by 1.80 points or 0.83% from its previous closing of Rs. 215.70 on the BSE.

The scrip opened at Rs. 216.05 and has touched a high and low of Rs. 220.75 and Rs. 214.50 respectively. So far 44,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.00 on 12-Mar-2012 and a 52 week low of Rs. 142.25 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 223.50 and Rs. 184.70 respectively. The current market cap of the company is Rs. 2,546 crore.

The promoters holding in the company stood at 35.27% while Institutions and Non-Institutions held 42.83% and 21.90% respectively.

Dewan Housing Finance Corporation’s subsidiary - First Blue Home Finance has received an approval from the High Court of Delhi for amalgamation of First Blue Home Finance and DHFL Holding with Dewan Housing Finance Corporation.

The High Court of Delhi has sanctioned the Scheme of Amalgamation, on January 04, 2013. Certified true copy of the order of the High Court of Delhi is awaited. The company had already received similar approval in respect of amalgamation of First Blue Home Finance and DHFL Holdings with Dewan Housing Finance Corporation from the Bombay High Court vide its order dated July 27, 2012 and the company had already filed the same with the Registrar of Companies, Mumbai.

DHFL and First Blue Home Finance are engaged in business of housing finance while, DHPL is an investment firm. DHFL indirectly holds 67.56% in First Blue through its wholly-owned subsidiary DHPL.

Piramal Finance Share Price

2017.85 102.85 (5.37%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
LIC Housing Finance	581.30
Housing & Urban Dev.	232.30
Bajaj Housing Financ	87.55
Piramal Finance	2017.85
PNB Housing Finance	1090.90
View more..

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