Be careful if you hear tips asking you to buy DHFL. The nclt has approved the resolution plan, where I believe the plan is for the shares to be written off to zero. Piramal will then get new shares. Today's shares will have zero value, beware.
Please read: capitalmind.in/2020/12/a-dire…
Meanwhile, today, 21 lakh shares traded at upper circuit. This will do good as a coin - DHFLCOIN - and go to the moon.
Adding to this again: DHFL SHARE WILL GO TO ZERO.
Please do not buy this. The resolution plan states that the company's entire share capital (all current shares) will be cancelled. This will happen soon. Means the shares being traded now are a ticking time bomb.
Official confirmation from DHFL: Shares will be delisted.
Full letter:
It's official once more. bseindia.com/xml-data/corpf…
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