Lenders from the Dewan Housing Finance Corporation (DHFL) voted overwhelmingly in favor of the resolution plan presented by the Piramal group on Friday, paving the way for a radical turnaround for the bankrupt company. While Piramal’s offer received 94 percent of the votes, the US-based Oaktree Capital plan garnered just …
Read More »Not a penny to shareholders as DHFL bidders value the company’s stock at zero
Investors were taken aback when DHFL had a market valuation of Rs 941 cr on Monday, with its shares trading at Rs 30 a share even after the company was sent to bankruptcy proceedings. Topics DHFL | Piramal Group | Adani Group Dev Chatterjee | Mumbai Last Updated on January …
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