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PIRAMAL DHFL ACQUISITION
Piramal Capital initiates sale of Rs 5,500 cr DHFL bad loan portfolioPiramal has asked interested bidders to submit expressions of interest where the offer amount is a mark-up of at least 10% to the base offe...
Piramal Enterprises Q4 Results: Firm posts profit of Rs 151 cr vs loss of Rs 510 croreFor the whole financial year 2021-22, it reported a 41 per cent jump in the net profit at around Rs 2,000 crore, it said in a release. Duri...
Piramal Group plans to move Supreme Court challenging NCLAT order on DHFLThe National Company Law Appellate Tribunal (NCLAT) on Thursday, while delivering a judgement on 63 Moons Technologies petition had directe...
Piramal Enterprises Q2 results: Net profit drops by 32% due to DHFL costThe non-banking finance company incurred an exceptional cost of Rs 153 crore, which is primarily on account of DHFL. Without this, the net ...
Piramal board okays demerger of pharma, financial services operationsThe amalgamation of PHL Fininvest Private Limited with PEL will create a listed non-banking financial services (NBFC) entity. The merged ho...
Piramal Enterprises board approves scheme for pharma biz demergerThe pharmaceuticals business will get demerged from Piramal Enterprises (PEL) and consolidated in Piramal Pharma, Piramal Enterprises said ...
Piramal Capital & Housing Finance acquires DHFL via reverse mergerIn November 2019, RBI had referred DHFL -- then the third-largest pure-play mortgage lender -- for resolution under the Code. DHFL had gone...
Piramal completes acquisition of DHFL for Rs 34,250 crore, biggest resolution in value termsLenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PC...
Hold Piramal Enterprises, target price Rs 2797: ICICI SecuritiesPiramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 62744.69 Crore) operating in Div...
Piramal Group completes acquisition of DHFL"It's a defining milestone," Piramal group chairman Ajay Piramal said Wednesday. "This gives us the opportunity to address the financing ne...
Piramal stock doubled in 6 months. Analysts say it has more steam leftAnalysts said the company's financial segment performance was on the expected lines, with a drop in loan book, but asset quality was largel...
Piramal Capital to raise up to Rs 1,000 crore via NCDsThe tenors of NCDs are 26 months, 36 months, 60 months and 120 months, with coupons in the range of 8.1 per cent to 9 per cent on an annual...
'Zero' worth DHFL shares up 30% in a week! Investors shrug off warningsDHFL shares rose 10 per cent to get locked at Rs 22.85, the upper circuit limit on Tuesday. The stock has gained over 50 per cent in less t...
DHFL: Possible merger, delisting — what next? A look at fresh developments amid rising speculationThe resolution plan for DHFL was approved by the RBI in February, and by Competition Commission of India (CCI) in April. Piramal’s offer go...
DHFL shares may get delisted after acquisition by PiramalShares of DHFL closed nearly 10 per cent higher at Rs 20.80 on the BSE on Monday.
Piramal may sell developer loans of DHFL after dealThe fair value of the builder loans could be about one-fifth of the total size, according to the quarterly financial statements on the DHFL...
Piramal Capital reduces share of short-term borrowingsShort term borrowings now form just about 15-20 percent of total borrowings of the financial services business under Piramal Enterprises, c...
Piramal Capital to raise up to Rs 3000 cr before DHFL mergerPiramal Capital & Housing Finance is raising up to Rs 3,000 crore through an issue of bonds offering interest at 9.25% per annum. The issue...
Piramal gets RBI nod to acquire debt-hit DHFLA quick approval from the RBI is likely a precursor for a NCLT approval even as the resolution plan, the first for a NBFC, was officially a...
Oaktree, Cerberus, Lone Star and Piramal in race to acquire DHFLOaktree Capital is keenly looking at the wholesale loan business.