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The Dewan Housing Finance Corporation Limited (DHFL) was a stunner of stock exchanges on Wednesday, as it made many investors richer by a whopping 20% in 1 day. When we talk about DHFL gains, one investor is surely known to add more money in his kitty with this NBFC’s blockbuster performance. Yes, the Dalal Street king Rakesh Jhunjhunwala is one such investor who has invested heavily in DHFL, and has become richer by 20%. DHFL after touching an intraday high of Rs 160.80 per piece on Sensex, finished at Rs 148.80 per piece up by Rs 14.80 or 11.04%. 
The reason behind upbeat in DHFL was due to an audit report made after the allegations of CobraPost. 
Cobrapost sought responses to 64 allegations which were levelled upon the Promoters, DHFL and various entities alleged to be controlled by the Promoter group.
Independent Chartered Accountant firm viz., Mis. T. P. Ostwal &amp; Associates LLP had been investigating the matter. In the audit report, it was known that 25 of the 64 questions do not relate to allegations against DHFL and therefore have not been examined and addressed by them. 
Thereby, the firm carried an investigation in about 39 of the 64 questions that relate to allegations on DHFL.
In levelling allegations against DHFL &amp; various members of promotor group, the chartered firm said, “we note that Cobrapost loosely refers to 'Shell companies', 'Dubious pass-through entities', 'Dubious borrowers' that aggregate to 73 entities in number. Since a major portion of the allegations pertain to loans extended to entities that are undertaking SRA projects, a brief overview of SRA projects would be helpful and pertinent to our examination and the same forms part of our Report.”
Concluding the chartered firm said, “We have cross-checked the records from the accounting/ operational system of the Company to verify that no loans were sanctioned/ disbursed to these 40 entities during April 2015 to December 2018. The management has submitted that the allegations of loans to some of these entities actually relate to companies that have provided guarantees/ companies that are under subvention schemes of retail borrowers. We have, therefore, not examined any further information regarding these entities.”
<blockquote data-lang="en">.<a href="https://twitter.com/SamsungMobileIN?ref_src=twsrc%5Etfw">@SamsungMobileIN</a> ने भारत में लांच किया सैमसंग <a href="https://twitter.com/hashtag/GalaxyS10?src=hash&amp;ref_src=twsrc%5Etfw">#GalaxyS10</a> ,जानिए क्या है इसकी खूबियां और कीमत। <a href="https://t.co/it2p5iFRlM">pic.twitter.com/it2p5iFRlM</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1103264172450689027?ref_src=twsrc%5Etfw">March 6, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
It added, “ We have cross-checked the records from the accounting system of the Company to verify that loans to such parties were actually repaid and funds were received by the Company as at 31-12-2018. As such, we have therefore, not examined any further information regarding these entities.”
Further, the audit report revealed that we have examined the transactions of DHFL with 26 entities for loans aggregating to INR 11,522 Crs (INR 10,960 Crs as per the Company's records).
It was known that DHFL has not promoted any of the alleged 26 "shell" companies that are borrowers. Further, it does not have any directors in common, including members from the Promoter group, with any of these alleged "shell" companies.
Hence, DHFL shares jump on the clearance over the allegations and investors faith have once again been restored. 
Coming back to Jhunjhunwala, he holds about 2.46% stake in DHFL with 7,728,500 equity shares worth Rs 115 crore. DHFL has surged by over 24% in one month, making investors like Jhunjhunwala richer than before.

The Dewan Housing Finance Corporation Limited (DHFL) was a stunner of stock exchanges on Wednesday, as it made many investors richer by a whopping 20% in 1 day. When we talk about DHFL gains, one investor is surely known to add more money in his kitty with this NBFC’s blockbuster performance. Yes, the Dalal Street king Rakesh Jhunjhunwala is one such investor who has invested heavily in DHFL, and has become richer by 20%. DHFL after touching an intraday high of Rs 160.80 per piece on Sensex, finished at Rs 148.80 per piece up by Rs 14.80 or 11.04%. The reason behind upbeat in DHFL was due to an audit report made after the allegations of CobraPost. Cobrapost sought responses to 64 allegations which were levelled upon the Promoters, DHFL and various entities alleged to be controlled by the Promoter group.Independent Chartered Accountant firm viz., Mis. T. P. Ostwal &amp; Associates LLP had been investigating the matter. In the audit report, it was known that 25 of the 64 questions do not relate to allegations against DHFL and therefore have not been examined and addressed by them. Thereby, the firm carried an investigation in about 39 of the 64 questions that relate to allegations on DHFL.In levelling allegations against DHFL &amp; various members of promotor group, the chartered firm said, “we note that Cobrapost loosely refers to 'Shell companies', 'Dubious pass-through entities', 'Dubious borrowers' that aggregate to 73 entities in number. Since a major portion of the allegations pertain to loans extended to entities that are undertaking SRA projects, a brief overview of SRA projects would be helpful and pertinent to our examination and the same forms part of our Report.”Concluding the chartered firm said, “We have cross-checked the records from the accounting/ operational system of the Company to verify that no loans were sanctioned/ disbursed to these 40 entities during April 2015 to December 2018. The management has submitted that the allegations of loans to some of these entities actually relate to companies that have provided guarantees/ companies that are under subvention schemes of retail borrowers. We have, therefore, not examined any further information regarding these entities.”.@SamsungMobileIN ने भारत में लांच किया सैमसंग #GalaxyS10 ,जानिए क्या है इसकी खूबियां और कीमत। pic.twitter.com/it2p5iFRlM— Zee Business (@ZeeBusiness) March 6, 2019It added, “ We have cross-checked the records from the accounting system of the Company to verify that loans to such parties were actually repaid and funds were received by the Company as at 31-12-2018. As such, we have therefore, not examined any further information regarding these entities.”Further, the audit report revealed that we have examined the transactions of DHFL with 26 entities for loans aggregating to INR 11,522 Crs (INR 10,960 Crs as per the Company's records).It was known that DHFL has not promoted any of the alleged 26 "shell" companies that are borrowers. Further, it does not have any directors in common, including members from the Promoter group, with any of these alleged "shell" companies.Hence, DHFL shares jump on the clearance over the allegations and investors faith have once again been restored. Coming back to Jhunjhunwala, he holds about 2.46% stake in DHFL with 7,728,500 equity shares worth Rs 115 crore. DHFL has surged by over 24% in one month, making investors like Jhunjhunwala richer than before. 

Ace investor Rakesh Jhunjhunwala is one such investor who has invested heavily in DHFL, and has become richer by 20%.

Rakesh Jhunjhunwala gained 20% from this NBFC stock in 1 day - What smart investors should know

news-rakesh-jhunjhunwala-gained-20-from-this-nbfc-stock-in-1-day-what-smart-investors-should-know-89006

The Dewan Housing Finance Corporation Limited (DHFL) was a stunner of stock exchanges on Wednesday, as it made many investors richer by a whopping 20% in 1 day. When we talk about DHFL gains, one investor is surely known to add more money in his kitty with this NBFC’s blockbuster performance. Yes, the Dalal Street king Rakesh Jhunjhunwala is one such investor who has invested heavily in DHFL, and has become richer by 20%. DHFL after touching an intraday high of Rs 160.80 per piece on Sensex, finished at Rs 148.80 per piece up by Rs 14.80 or 11.04%.  The reason behind upbeat in DHFL was due to an audit report made after the allegations of CobraPost.  Cobrapost sought responses to 64 allegations which were levelled upon the Promoters, DHFL and various entities alleged to be controlled by the Promoter group. Independent Chartered Accountant firm viz., Mis. T. P. Ostwal Associates LLP had been investigating the matter. In the audit report, it was known that 25 of the 64 questions do not relate to allegations against DHFL and therefore have not been examined and addressed by them.  Thereby, the firm carried an investigation in about 39 of the 64 questions that relate to allegations on DHFL. In levelling allegations against DHFL various members of promotor group, the chartered firm said, “we note that Cobrapost loosely refers to Shell companies, Dubious pass-through entities, Dubious borrowers that aggregate to 73 entities in number. Since a major portion of the allegations pertain to loans extended to entities that are undertaking SRA projects, a brief overview of SRA projects would be helpful and pertinent to our examination and the same forms part of our Report.” Concluding the chartered firm said, “We have cross-checked the records from the accounting/ operational system of the Company to verify that no loans were sanctioned/ disbursed to these 40 entities during April 2015 to December 2018. The management has submitted that the allegations of loans to some of these entities actually relate to companies that have provided guarantees/ companies that are under subvention schemes of retail borrowers. We have, therefore, not examined any further information regarding these entities.” .@SamsungMobileIN ने भारत में लांच किया सैमसंग #GalaxyS10 ,जानिए क्या है इसकी खूबियां और कीमत। pic.twitter.com/it2p5iFRlM — Zee Business (@ZeeBusiness) March 6, 2019 It added, “ We have cross-checked the records from the accounting system of the Company to verify that loans to such parties were actually repaid and funds were received by the Company as at 31-12-2018. As such, we have therefore, not examined any further information regarding these entities.” Further, the audit report revealed that we have examined the transactions of DHFL with 26 entities for loans aggregating to INR 11,522 Crs (INR 10,960 Crs as per the Companys records). It was known that DHFL has not promoted any of the alleged 26 shell companies that are borrowers. Further, it does not have any directors in common, including members from the Promoter group, with any of these alleged shell companies. Hence, DHFL shares jump on the clearance over the allegations and investors faith have once again been restored.  Coming back to Jhunjhunwala, he holds about 2.46% stake in DHFL with 7,728,500 equity shares worth Rs 115 crore. DHFL has surged by over 24% in one month, making investors like Jhunjhunwala richer than before.  