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Dewan Housing share rises 5% as lender files resolution application with NCLT

Dewan Housing share rises 5% as lender files resolution application with NCLT
Although the stock price has risen over 4.5% in the last week, it has fallen 23% in one month, 33% since the beginning of the year
BusinessToday.In | February 26, 2021 | Updated 14:25 IST
The stock of the housing finance company has risen 15.45% in the last 3 days
Share price of debt-ridden mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) hit a 5% upper circuit on Friday. The stock rose after the lender said it has received no objection from the Reserve Bank and has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Ltd (PCHFL) with the National Company Law Tribunal. ....

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DHFL lenders approve Piramal bid for resolution plan

DHFL lenders approve Piramal bid for resolution plan
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company s board was superseded and R Subramaniakumar was appointed as the administrator
BusinessToday.In | January 17, 2021 | Updated 22:27 IST
The creditors of beleagured mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) have approved the resolution bid submitted by Piramal Capital and Housing Finance Limited. The decision was taken at the 18th committee of creditors (CoC) meeting held on January 15, 2021.
The e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the company concluded on January 15, 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance Limited (under Option I in terms of the RFRP dated September 16, 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency and Bankruptcy Code read wit ....

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