Piramal Group acquires DHFL for Rs 34,250 crore
Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC). The total consideration of Rs 34,250 crore includes an upfront cash payment of nearly Rs 14,700 crore […]