Dreamfolks share price hits 5% lower circuit, crashes 75% from all-time high as firm shuts domestic airport lounge biz
Dreamfolks Services share price hit its 5 percent lower circuit to ₹131 after the company shut its domestic airport lounge business.
The company informed the stock exchanges after market hours on Tuesday that domestic airport lounge access for its clients has been discontinued with immediate effect, noting that the impact of this development is material.
“The services of domestic airport lounges have been discontinued to our clients, effective today,” the company said in an exchange filing on Tuesdsay. “The impact of the same is material. The other domestic services and global lounge business will continue as usual.”
It clarified, however, that all other domestic services as well as its global lounge operations will continue…
