Dewan Housing Finance Corporation (DHFL), one of the leading housing finance companies, today announced the appointment of Rajiv Kumar as a non-executive independent director on the board of the company effective from Aug. 7, 2015.

Rajiv Kumar, senior fellow at Centre for Policy Research (CPR), is renowned economist and author of several books on the Indian economy and India's national security.

He presently sits on the boards of several international and national institutions, including the King Abdullah Petroleum Studies and Research Center in Riyadh, the Economic Research Institute for ASEAN and Asia in Jakarta and the Indian Institute of Foreign Trade. He was a member of Government of India's National Security Advisory Board between 2006 and 2008.

Shares of the company gained Rs 11, or 2.12%, to settle at Rs 528.95. The total volume of shares traded was 167,975 at the BSE (Friday).