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Showing posts with the label Who is going to buy DHFL?

Who is going to buy DHFL?

  Who is going to buy DHFL? Creditors to  Dewan Housing Finance  Corporation Ltd. have voted in favour of a resolution plan submitted by the Piramal Group, two people with direct knowledge confirmed. The Piramal Group beat Oaktree Capital and the Adani Group to win the bid. Piramal Wins Bid For DHFL Creditors to Dewan Housing Finance Corporation Ltd. have voted in favour of a resolution plan submitted by the Piramal Group, two people with direct knowledge confirmed. The Piramal Group beat Oaktree Capital and the Adani Group to win the bid. The sixth round of voting on resolution plans for DHFL closed at 8 p.m. on Friday, with 93.5% of creditors voting in favor of the Piramal Group. Competing bidder Oaktree Capital Management managed to get only 45% of the votes, the people quoted above said. As per the voting guidelines laid down, a creditor is allowed to vote for more than one plan. According to the first of the two people quoted above, creditors representing 6.5% of the...