Dewan Housing Finance Corporation (DHFL) hit an upper circuit of 5% at Rs 27.50 after the Committee of Creditors (CoC) of the company approved the resolution plan submitted by Piramal Capital and Housing Finance.
In a regulatory filing made on Sunday (17 January 2021), the mortgage lender said that the e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the company (CoC) concluded on 15 January 2021 and the resolution plan submitted by Piramal Capital and Housing Finance was duly approved by CoC by majority voting, as the successful resolution plan.
As per reports, Piramal s bid received 94% votes as compared to 45% for the US-based Oaktree Capital.