A year after it became the first finance company to undergo insolvency proceedings, Dewan Housing Finance Corp. Ltd. (DHFL) is finally moving slowly toward closure with Piramal Enterprises being voted the winner by the creditors’ committee. Certainly, the resolution is not set in stone since the losing bidders have the …
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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 …
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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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Kapil Wadhawan, the former developer of Dewan Housing Finance Corporation Ltd (DHFL), has urged the Reserve Bank of India, the servicer and the lenders of the indebted mortgage financier to properly consider his settlement proposal, which he claims is better than the offers. submitted as part of the resolution process …
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Establishing an entirely new HFC may be cheaper for bidders than choosing one involved in fraud investigations. Topics DHFL | Markets Market news As the race for the beleaguered housing financier, Dewan Housing Finance Corporation (DHFL) draws to a final turn, it will soon be out if Adani Capital, OakTree …
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According to one analyst, the market is likely to be very volatile until concerns about the new strain of covid subside and the Christmas holidays are over. Domestic equity market benchmarks are likely to open flat with a positive bias on Thursday, as trends in SGX Nifty suggest. Ingenious futures …
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US-based asset management fund Oaktree Capital has become the highest bidder for bankrupt home finance firm DHFL by bidding Rs 36,646 crore for the entire company, which includes deferred payments and Rs 11,646 crore in advance to lenders. However, the Piramal group offered Rs 13,000 crore in cash up front …
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NEW DELHI Here is a list of the top ten stocks that may appear in the news on Thursday: Wipro: The Bengaluru-based IT company has won a multi-year contract with Verifone, a global leader in commerce and payments solutions, to drive agility in its cloud service offerings. Bharti Airtel: Nettle …
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Billionaire Gautam Adani’s Roads-to-Mining group has indicated that it may improve its takeover bid of Rs 33,000 crore for the collapsed housing lender DHFL and has sought the seizure of deposits from bidders seeking to vitiate the auction by questioning the maximum recovery of public money. In a written email …
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In a written email to the trustee, which is running the insolvent DHFL auction, the Adani Group said that it has followed due process scrupulously and that its “intention has always been to provide an unconditional bid and the maximization of potential value for all stakeholders and at the same …
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