Leading depository CDSL has frozen shareholding of debt-ridden mortgage lender DHFL’s promoters because of delay in announcement of the company’s financial earnings, sources said on Monday.
The decision has been taken after the company failed to announce its first quarterly results, they said.
However, sources close to Dewan Housing Finance Corporation Ltd (DHFL) said the company results are expected to be announced in next few days, for which the board meeting is expected to be called for, they added.
DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy, has defaulted on multiple commitments.
The Wadhawan family, which owns a little over 39 per cent in the DHFL, has been looking at various ways of coming out of the stress. These include selling stakes in group entities, including in the flagship to the extent of giving up half of their stake.
Sources on Monday said CDSL, which allows investors to deposit securities