Has Piramal taken over DHFL?
DHFL, with outstanding debt of over Rs 90,000 crore, was acquired by the Piramal group for Rs37,250 crore. As part of the deal, it also got all the ‘bad loans’ listed under ‘avoidance applications’ under Section 66 of the IBC.
What is the new name of DHFL?
DHFL was established and incorporated by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation.
Will DHFL shareholders get their money back?
DHFL creditors, depositors recover Rs 38,000 crore under IBC: Ajay Piramal. Piramal Group on Wednesday said Dewan Housing Finance Corporation (DHFL) creditors and depositors have recovered Rs 38,060 crore from the resolution process.
What is the current status of DHFL?
DHFL is undergoing insolvency resolution proceedings after the NCLT, on November 20, 2019, admitted Reserve Bank of India’s plea over governance concerns and defaults at the company. The Reserve Bank of India had superseded the DHFL’s board of directors and appointed an administrator to manage its affairs.
Who is purchase DHFL?
Piramal Group
Agencies Piramal Group acquires DHFL for Rs 34,250 crore. Piramal has completed the acquisition of DHFL for Rs 34,250 crore which includes a cash component and non-convertible debentures.
How can I pay my DHFL EMI online?
1. ‘Click to Pay’ payment option and service for online payment of loan overdue (EMI and / or Charges) is available for select DHFL customers only. One-time registration on MY DHFL customer portal (https://my.dhfl.com/wps/portal) is required to make payment through ‘Click to Pay’ digital payment option.
Who is the owner of DHFL?
Piramal GroupDewan Housing Finance Corporation / Parent organization
Will DHFL be delisted?
Dewan Housing Finance Corporation (DHFL) on Tuesday said that the company’s equity shares will be delisted from the stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company.
Who owns DHFL?
Will DHFL get delisted?
Where is Kapil Wadhawan now?
Dheeraj and Kapil are in judicial custody since 2020 after being arrested by the Enforcement Directorate (ED) in connection with the Yes Bank alleged fraud case. Last month, a complaint was received by the court from jail that Dheeraj has been admitted to a private hospital since April 2021 allegedly to avoid jail.
Which bank take over DHFL?
Piramal Capital and Housing Finance
The company got approvals from the Reserve Bank of India (RBI) in February and the Competition Commission of India in April 2021. In June 2021, the Ajay Piramal-led Piramal Capital and Housing Finance received an approval by the Mumbai bench of the NCLT to acquire DHFL for Rs 37,250 crores.