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 …
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 …
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 …
)
)