This has baffled me from last 4 years when I bought the stock.
My Assumptions for potential concerns:
1 . Relationship with HDIL promoters.
2. Some corporate actions( I remember when they bought primarica from dhfl they did not provide any financial details ) since recently they have started sharing details and conference calls on specific topic and since new CEO joined.
3 I have read one article about DHFL accounting policies from a fund manager. Details were not provided but I assumed something is up. Pic is attached at end of this post.
- Initially there were concerns that promoters have very less shareholding then when promoters issued themselves warrants at higher price to increase shareholding there were concerns about the path taken to increase shareholding.
I have shares since 2013, these are my assumptions. May not be real concerns. I am still invested.point-3 really worries me sometime as I do not understand numbers that well may be fund manager do.