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 …
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 …
