Ads

Wednesday, September 29, 2021

Piramal acquires DHFL for Rs 34k cr

In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing and Finance (DHFL). The deal is likely to help banks that had been hit by the company’s collapse. The payment will bolster the finances of banks that have written off loans to DHFL, whose promoters are accused of fraud.​

from Times of India https://ift.tt/3umE1qV

No comments:

Post a Comment

BJP’s Rajya Sabha strength falls below 100; may rise soon

A month after touching the mark of 100 seats for the first time in Rajya Sabha, BJP’s numerical strength has come down to 95 as five of its ...