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Trading in the shares of DHFL suspended from Monday

The move, aimed at avoiding 'market complications', comes against the backdrop of the NCLT approving Piramal Group’s resolution plan for the bankrupt company

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Trading in DHFL shares suspended by BSE and NSE

Trading in DHFL shares suspended by BSE and NSE
IANS
14 June 2021

The development follows the approval of the resolution plan of Piramal Capital & Housing Finance Ltd to acquire the bankrupt company.

Delisting of the shares has been done as part of the resolution plan of the Piramal Enterprises' subsidiary.

"In pursuance of Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A, and for reasons mentioned above it is hereby notified that the following security will be suspended from trading w.e.f. June 14, 2021 (i.e. closing hours of trading on 11 June 2021)," said an NSE circular.

It noted that the company through announcement dated June 9, 2021, stated that no value was attributable to the equity shares as per the liquidation value of the company estimated by registered valuers appointed under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Mumbai , Maharashtra , India , Kapil-wadhawan , Dewan-housing-finance-corporation-ltd , Committee-of-creditors-co , Piramal-capital-housing-finance-ltd , National-company-law-appellate-tribunal , Piramal-enterprises , Piramal-capital , Housing-finance-ltd , Piramal-enterprise

BSE, NSE suspend trading in DHFL shares

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BSE, NSE suspend trading in DHFL shares
Leading exchanges BSE and NSE will suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) with effect from Monday.
The move, aimed at avoiding "market complications", comes against the backdrop of the National Company Law Tribunal (NCLT) approving Piramal Group's resolution plan for the bankrupt-DHFL. The resolution plan under the Insolvency and Bankruptcy Code (IBC) was approved by the tribunal on June 7.
In separate but similarly-worded circulars issued on Friday, BSE and NSE said they would suspend trading in the shares of DHFL with effect from June 14.
The approved resolution plan provides for delisting of equity shares of the company.

India , Dewan-housing-finance-corporation-ltd , Piramal-group , National-company-law-tribunal , Dewan-housing-finance-corporation , Image-source , Bankruptcy-code , Bankruptcy-board , Insolvency-resolution-process , Corporate-persons , Dewan-housing-finance-corporation-limited

DHFL shares: BSE, NSE to suspend trading in DHFL shares from Monday

NCLT has approved the resolution plan by Piramal Group for DHFL, resulting in zero value for the shares of DHFL.

Mumbai , Maharashtra , India , New-delhi , Delhi , Piramal-group , National-company-law-tribunal , Dewan-housing-finance , Bankruptcy-board , Insolvency-resolution-process , Corporate-persons

Trading in equity shares of Dewan Housing Finance Corporation Ltd suspended

Trading in equity shares of Dewan Housing Finance Corporation Ltd suspended
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Bombay , Dewan-housing-finance-corporation-ltd , Honble-national-company-law-tribunal , Dewan-housing-finance-corporation-limited , National-stock-exchange , Bombay-stock-exchange , Time-zone , Housing-finance-corporation-limited

No more trading in DHFL shares starting Monday

The BSE and NSE have decided to suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) from Monday.The development follows the approval of the resolution plan of Piramal Capital & Housing Finance Ltd to acquire the ...

Mumbai , Maharashtra , India , New-delhi , Delhi , Kapil-wadhawan , Dewan-housing-finance-corporation-ltd , Committee-of-creditors-co , Piramal-capital-housing-finance-ltd , National-company-law-appellate-tribunal , Piramal-enterprises , Piramal-capital

NSE suspends trading of DHFL shares from June 14, here's why

On June 8, DHFL had already informed the exchange regarding the approval of the resolution plan by the National Company Law Tribunal (NCLT), Mumbai bench which provides for delisting of equity shares of the company, NSE said.

Mumbai , Maharashtra , India , Dewan-housing-finance-corporation-ltd , National-company-law-tribunal , National-stock-exchange , Bankruptcy-board , Insolvency-resolution-process , Corporate-persons , Resolution-plan , Nse

BSE, NSE to suspend trading in DHFL shares - The Hindu BusinessLine

The resolution plan, approved by NCLT in which Piramal Group emerged winner, envisaged zero value for the shares of DHFL

Mumbai , Maharashtra , India , Dewan-housing-finance-corporation-ltd , National-company-law-tribunal , Piramal-capital-housing-finance-ltd , Committee-of-creditors , National-company-law-appellate-tribunal , Piramal-enterprises-ltd , Mumbai-bench , Bankruptcy-board

BSE, NSE to suspend trading of DHFL shares from Monday

Trading in shares of DHFL will be suspended with effect from June 14, 2021 i.e. closing hours of trading on June 11, 2021, NSE said in a circular to its members.

Mumbai , Maharashtra , India , Dewan-housing-finance-corporation-ltd , Adani-cement-industries , Piramal-group , Adani-group , National-company-law-tribunal , Competition-commission-of-india , Housing-finance-ltd , Piramal-enterprises

Jaypee case: IRP seeks 2nd 30-day extension | Noida News

Noida: Jaypee homebuyers have been waiting for their houses for more than a decade. They are being asked to wait some more.
The insolvency resolution process that aims to complete the nearly 20,000 houses that Jaypee Infratech Limited (JIL) was to deliver at its sprawling township, Wish Town, in Noida will stretch longer. Interim resolution professional (IRP) Anuj Jain has applied to the Supreme Court for a 30-day time extension to allow public sector company NBCC – which is one of the two players in the fray to take over JIL – to file a proposal that is compliant with the Insolvency and Bankruptcy Code (IBC), 2016.

Anuj-jain , Ashish-mohan-gupta , Supreme-court , Jaypee-infratech-limited , National-company-law-tribunal , Wish-town , Bankruptcy-code , Noida-news , Oida-latest-news , Oida-news-live , Oida-news-today , Oday-news-noida