Shares of DreamFolks, a lounge access provider, declined by over 3% today after the company addressed a temporary disruption in its services at several airports. The company clarified that all its “contractual agreements remain in full force” and is working to resolve the issues swiftly.
This comes after Adani Airport Holdings (AAHL) announced that passengers were experiencing service disruptions due to an unexpected suspension by DreamFolks. AAHL stated that DreamFolks had violated service agreements, although DreamFolks has maintained its compliance with all obligations.
The disruption has led AAHL-operated airports to accept major debit and credit cards from other access providers in the interim.
As of 10:00 AM, DreamFolks shares were trading 3.23% lower at ₹485.00 on the NSE.
