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Bloomberg Quint

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Dreamfolks Share Price Settles 4% Lower As Pressure Ramps Post Axis Bank, ICICI Bank Program Terminations

  • Dreamfolks Services Ltd. shares settled nearly 4% lower on the bourses after the closure of certain programs with Axis Bank and ICICI Bank.
  • This marked a third consecutive session of losses, with the stock tumbling 6% intraday.
  • The company stated that the deactivation of existing programs is part of its regular operations and it is taking actions to mitigate the impact.
  • Dreamfolks' shares have fallen significantly recently, with reports of major banks and card networks looking to part ways with the lounge access aggregator.

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