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| DHFL founder hikes stake in company to 12% |
| Press Trust of India / Mumbai Mar 11, 2010, 21:03 IST |
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Mortgage lender Dewan Housing Finance (DHFL) today said its founder Kapil Wadhawan has hiked his stake to 12.23 per cent in the company by acquiring shares from other promoters via inter-se transfer.
Kapil Wadhawan has acquired 31 lakh shares, which is 3.78 per cent of equity from Rakesh Kumar Wadhawan and Anu Wadhawan in the company, DHFL said in a filing to the National Stock Exchange (NSE).
Prior to the acquisition, Kapil Wadhawan held 8.45 per cent stake, while now he holds 12.23 per cent in the mortgage lender.
Another promoter, Dheeraj Wadhawan has also acquired 31 lakh shares, which is again 3.78 per cent of the equity in the company from Rakesh Kumar Wadhawan, Sarang Wadhawan and Anu Wadhawan by inter-se transfer.
Prior to this acquisition, Dheeraj Wadhawan held 7.68 per cent, while now he holds 11.46 per cent stake in the company.
Further, Wadhawan Holdings-- one of the promoter group companies-- has acquired 17.34 lakh shares or 2.11 per cent stake from Sarang Wadhawan and Anu Wadhawan through inter-se transfer.
Prior to the transfer, Wadhawan Holdings held 8.40 per cent stake, while now it holds 10.51 per cent in the company.
Shares of Dewan Housing Finance today settled at Rs 203.55 on the BSE, up 1.83 per cent from previous close.
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