Dewan Housing share rises 5% as lender files resolution application with NCLT businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
DHFL CoC declares Piramal as successful bidder
By IANS |
Published on
Fri, Jan 22 2021 22:21 IST |
0 Views
63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr (Photo Credit: Twitter). Image Source: IANS News
Mumbai, Jan 22 : Piramal Enterprises on Friday said that the Committee of Creditors (CoC) of Dewan Housing Finance Corporation Ltd (DHFL) have declared Piramal Capital & Housing Finance Ltd (PCHFL) as the successful bidder for DHFL.
In a regulatory filing, Piramal said that the administrator of DHFL has informed the company of the CoC decision through a Letter of Intent (LOI).
The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the Reserve Bank of India, the National Company Law Tribunal s Mumbai Bench and other approvals by regulatory bodies, and courts of tribunals.
Piramal to Delist DHFL, Shareholders to be Wiped Out news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.