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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 Before that, the company s board was superseded and R Subramaniakumar was appointed as the administrator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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Welcome To IANS Live - BUSINESS - CoC approves resolution plan of Piramal: DHFL


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IANSLive
Mumbai, Jan 17 (IANS) Dewan Housing Finance Corporation Ltd (DHFL) on Sunday said that its Committee of Creditors (CoC) has approved the resolution plan of Piramal Capital and Housing Finance Ltd.
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Update: 17-January-2021 ....

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PSU lenders back Piramal's DHFL bid - The Economic Times


PSU lenders back Piramal’s DHFL bid
SECTIONS
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Synopsis
Although there are five eligible bids that creditors are voting on, the bid for DHFL has turned out to be a two-horse race between the Piramal Group and Oaktree Capital.
PSU lenders hold a significant portion of the debt and are likely to determine the direction of voting by financial creditors, which concludes on January 15.
(This story originally appeared in
on Jan 15, 2021)Mumbai: Public sector banks, led by SBI, are understood to be in favour of the resolution plan submitted by
Piramal Group for troubled housing finance company DHFL. PSU lenders hold a significant portion of the debt and are likely to determine the direction of voting by financial creditors, which concludes on January 15. ....

Jignesh Shah , Piramal Group , Financial Technologies , Financial Creditors , Psu Lenders , Dhfl Bid , Oaktree Capital , ஜிக்னேஷ் ஷா , பிரமல் குழு , நிதி தொழில்நுட்பங்கள் , நிதி கடன் வழங்குநர்கள் , ப்ஸ்யூ கடன் வழங்குநர்கள் , திப்ல் ஏலம் , ஓக் மரம் மூலதனம் ,

Welcome To IANS Live - BUSINESS - Piramal Group wins bid for DHFL with 94% votes


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IANSLive
New Delhi, Jan 15 (IANS) Piramal Group has won the bid to take over Dewan Housing Finance Corporation Ltd (DHFL), sources said.
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Update: 15-January-2021 ....

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