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Articles for Piramal Group

Piramal Group Acquires DHFL. What it Means for DHFL FD Holders, Affordable Housing
3 years, 3 months ago

Piramal Group Acquires DHFL. What it Means for DHFL FD Holders, Affordable Housing

News 18  

Piramal Enterprises led by billionaire Ajay Piramal on Wednesday announced that the acquisition of Dewan Housing Finance Corporation by paying the latter’s creditors Rs 38,000 crore. This includes Rs 34,250 crore to be paid by Piramal Capital and Housing Finance in cash and non-convertible debentures, and Rs 3,800 crore from the cash balance of DHFL. This accelerates our plans to …

Financial Services Financial Services Crore Nclt Group Creditors
Piramal to Delist DHFL, Shareholders to be Wiped Out
3 years, 11 months ago

Piramal to Delist DHFL, Shareholders to be Wiped Out

News 18  

Piramal Group is all set to delist the shares of the Dewan Housing Finance Corp. Ltd, according to the people aware of the plan. Piramal has also decided to merge the home financier with Piramal Capital Housing Finance Ltd. Because of the plan, thousands of the shareholders of DHFL are set to be wiped out. Over the past few months, …

Shares Piramal Piramal Group Delist Dhfl
How Piramal Group Emerged as Preferred Bidder for DHFL: All You Need to Know
3 years, 11 months ago

How Piramal Group Emerged as Preferred Bidder for DHFL: All You Need to Know

News 18  

The intense bidding war for beleaguered mortgage lender Dewan Housing Finance Corporation has been won by Piramal Group at the end of voting by the Committee of Creditors on Friday, reported moneycontrol.com quoting a person familiar with the development. ‘PIRAMAL GROUP WINS BIG’ * According to another person in the know, the Piramals got over 94 per cent votes, way …

India Indian Bank Crore Group Oaktree Coc
Piramal Group Emerges as Preferred Bidder for Debt-ridden DHFL After Voting by Lenders
3 years, 11 months ago

Piramal Group Emerges as Preferred Bidder for Debt-ridden DHFL After Voting by Lenders

News 18  

Piramal Group emerged as the preferred bidder for troubled mortgage lender Dewan Housing Finance Corporation after the voting by the Committee of Creditors ended on January 15. According to the report, the Piramal Group bagged over 94 per cent votes, way past the required minimum of 66 per cent votes. The Piramal Group had on Saturday claimed that its bid …

Bank Crore Nclt Group Cent Bid Oaktree
Adani Tops DHFL Bid, Says Its Bid Gives Maximum to Lenders; Rivals Want it Out of Race
4 years, 1 month ago

Adani Tops DHFL Bid, Says Its Bid Gives Maximum to Lenders; Rivals Want it Out of Race

News 18  

Billionaire Gautam Adani’s roads-to-mining group outbid US-based Oaktree with a Rs 33,000 crore bid for collapsed housing lender, DHFL, but rival bidders want it out of the race for allegedly missing the deadline – a charge Adani Group denies saying it followed due process and the “cartel” wants to prevent value maximisation. Four entities – Adani Group, Piramal Group, US-based …

Company Crore Group Adani Bid Sra Dhfl
With Piramal’s exit, life comes full circle for Shriram Group
5 years, 6 months ago

With Piramal’s exit, life comes full circle for Shriram Group

Live Mint  

Billionaire Ajay Piramal’s decision to finally bow out of Shriram Capital caps years of unsuccessful attempts to harness Shriram Group’s key strengths to the advantage of his own financial services business. On Tuesday, Shriram Capital Ltd, the holding company of Shriram Group, said Piramal Enterprises Ltd and private equity firm TPG Capital have decided to sell their stakes in the …

Capital Group Stake Shriram Piramal Enterprises Piramal Shriram Transport Finance