(Reuters) – Dewan Housing Finance Corp Ltd shares rose on Monday following five consecutive sessions of decline, after the Indian home loan provider said it was keen to sell assets and some of its businesses to improve liquidity.

The stock rose as management tried to assuage liquidity concerns on a conference call with investors, media and analysts. The stock was trading 5.9 percent higher at 117.70 rupees at 0745 GMT on Monday.

Dewan lost nearly half of its market value over five sessions ending Friday, its worst week since listing, hit by claims of financial mismanagement – which it has denied – and broader sectoral woes.

The decision to explore the sale of its non-core businesses comes amid a slew of allegations by investigative media outlet Cobrapost, which last week said Dewan diverted loans from state banks to shell companies, including those linked to its controlling shareholders.

Dewan denied diverting loans to shell companies and said it had not received any communication from the government in relation to any investigation.

The allegations are the latest setback in the shadow banking sector after a liquidity squeeze and a string of defaults at market leader IL&FS, triggering sharp falls in stock and debt markets last autumn.

On Saturday, Dewan said it would sell 9.15 percent of Aadhar Housing Finance Ltd to private equity funds managed by Blackstone Group LP.

It also said its controlling shareholders – Wadhawan Global Capital, headed by Dewan Chairman Kapil Wadhawan – would not sell their stake in Dewan at the current valuation.

The executives also said Dewan has not delayed any payments to creditors, a day after CARE Ratings placed some of Dewan’s bonds, deposits and loans on “credit watch with developing implications”.

Dewan said it will approach the credit-ratings firm for a review, but did not elaborate.

($1 = 71.6600 Indian rupees)