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  • DHFL share price hits 5% upper circuit on filing resolution application with NCLT Feb 26, 2021 11:35 AM IST

    DHFL share price hits 5% upper circuit on filing resolution application with NCLT

    DHFL received no objection from the Reserve Bank of India and filed an application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance.

  • RBI gives go-ahead to Piramal Group for DHFL takeover Feb 18, 2021 12:02 PM IST

    RBI gives go-ahead to Piramal Group for DHFL takeover

    Lenders will now take it to NCLT by next week for its approval

  • Piramal Enterprises Q3 profit rises 10% at Rs 799 crore Feb 11, 2021 07:59 PM IST

    Piramal Enterprises Q3 profit rises 10% at Rs 799 crore

    The company had posted a net profit of Rs 724.19 crore for the year-ago period.

  • Viva Group money-laundering probe: Enforcement Directorate takes Rana Kapoor into custody Jan 27, 2021 06:55 PM IST

    Viva Group money-laundering probe: Enforcement Directorate takes Rana Kapoor into custody

    YES Bank co-founder remanded to custody until January 30. ED to grill him on loans given to HDIL for renovation of a newly constructed building in a Mumbai suburb

  • DHFL bidding: Creditors declare Piramal Group successful bidder Jan 22, 2021 08:32 PM IST

    DHFL bidding: Creditors declare Piramal Group successful bidder

    In a regulatory filing, Piramal Enterprises said it's been issued the Letter of Intent (LoI) by the administrator of DHFL on January 22.

  • Banking Central: Now that DHFL bidding war is over what awaits various stakeholders? Jan 18, 2021 01:16 PM IST

    Banking Central: Now that DHFL bidding war is over what awaits various stakeholders?

    DHFL’s creditors will get around one-third of what they lent to the company but something is always better than nothing.

  • Legal battles remain a risk after creditors award DHFL to Piramal Jan 18, 2021 11:49 AM IST

    Legal battles remain a risk after creditors award DHFL to Piramal

    Depositors and retail bondholders are two other classes unlikely to be happy

  • RBI likely to propose stricter rules for shadow banks Jan 16, 2021 04:47 PM IST

    RBI likely to propose stricter rules for shadow banks

    The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.

  • Piramal emerges as preferred bidder for DHFL after voting by lenders Jan 15, 2021 08:15 PM IST

    Piramal emerges as preferred bidder for DHFL after voting by lenders

    An announcement is expected soon. The Committee of Creditors will meet early next week to issue the Letter of Intent to the Piramal Group.

  • DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm Jan 11, 2021 03:19 PM IST

    DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm

    In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree

  • Piramal Group launches blistering attack against Oaktree bid for DHFL Jan 08, 2021 05:14 PM IST

    Piramal Group launches blistering attack against Oaktree bid for DHFL

    Piramal Group contests Oaktree's bid for DHFL, strongly objects to at least five claims made by the US asset management company in its bid for DHFL.

  • 63 Moons moves NCLT in DHFL case, seeks protection of bondholders Jan 01, 2021 10:50 AM IST

    63 Moons moves NCLT in DHFL case, seeks protection of bondholders

    The Committee of Creditors (CoC) has begun voting on bids for DHFL, and the winning bidder might be announced by the end of January.

  • Enam may exit deal with Oaktree to acquire DHFL's insurance business Dec 29, 2020 02:23 PM IST

    Enam may exit deal with Oaktree to acquire DHFL's insurance business

    The 49 percent limit on foreign direct investment is a hurdle for Oaktree Capital in acquiring DHFL Pramerica Life Insurance.

  • Piramal now frontrunner in DHFL bidding war: Report Dec 28, 2020 09:34 AM IST

    Piramal now frontrunner in DHFL bidding war: Report

    Piramal raised its total offer for DHFL to Rs 38,250 crore on December 24, higher than Oaktree's offer of Rs 36,400 crore.

  • In latest letter, Kapil Wadhawan repeats his offer to repay Rs 91,000 crore to DHFL's creditors in 7-8 years Dec 21, 2020 04:27 PM IST

    In latest letter, Kapil Wadhawan repeats his offer to repay Rs 91,000 crore to DHFL's creditors in 7-8 years

    Wadhawan’s offer comes in the midst of ongoing CoC meetings to consider bids for DHFL including from Piramal Group and Oaktree.

  • Committee of Creditors likely to meet on December 23 again to evaluate DHFL bidders, wants more clarity from contenders Dec 21, 2020 02:42 PM IST

    Committee of Creditors likely to meet on December 23 again to evaluate DHFL bidders, wants more clarity from contenders

    CoC will likely look at eligibility of bidders beyond financial component. Piramal Enterprises offers a higher cash upfront—preferred by lenders— than rival Oaktree for troubled mortgage lender DHFL.

  • Oaktree mulls legal action against DHFL lenders: Report Dec 18, 2020 11:06 AM IST

    Oaktree mulls legal action against DHFL lenders: Report

    DHFL lenders will likely meet on December 18 to discuss bids submitted by four suitors - Piramal Enterprises, Oaktree, SC Lowy and Adani Properties.

  • DHFL race: Piramal holds edge over Oaktree due to higher upfront cash, insurance tangle for foreign firms Dec 16, 2020 01:12 PM IST

    DHFL race: Piramal holds edge over Oaktree due to higher upfront cash, insurance tangle for foreign firms

    Piramal Enterprises offers at least Rs 1,000 crore higher upfront payment than US asset manager Oaktree for DHFL in fourth round of auction. India’s FDI laws complicate Oaktree bid as DHFL has an insurance business.

  • DHFL case | Ex-promoter Kapil Wadhawan proposes to repay 100% to creditors in 7-8 years Dec 14, 2020 05:34 PM IST

    DHFL case | Ex-promoter Kapil Wadhawan proposes to repay 100% to creditors in 7-8 years

    In his proposal, Wadhawan also promised to pay an upward payment of Rs 9,000 crore to DHFL creditors.

  • DHFL shares locked in 5% lower circuit, Adani, Piramal, Oaktree submit revised bids to acquire portfolio Dec 14, 2020 01:57 PM IST

    DHFL shares locked in 5% lower circuit, Adani, Piramal, Oaktree submit revised bids to acquire portfolio

    The company, which is now being run under an administrator, engaged Grant Thornton earlier this year to conduct an investigation into the affairs of the mortgage lender.

  • DHFL creditors vote for new round of bidding, seek fresh bids by December 14 Dec 02, 2020 09:00 PM IST

    DHFL creditors vote for new round of bidding, seek fresh bids by December 14

    With the new development in place, DHFL's bidders will now have the option to either choose to submit a fresh bid, or else they can continue with the previous bid submitted on November 17.

  • Rebids for DHFL likely, suitors to get chance to revise offers: Report Dec 01, 2020 02:26 PM IST

    Rebids for DHFL likely, suitors to get chance to revise offers: Report

    The committee of creditors will give the four DHFL suitors— Adani Group, Piramal, SC Lowy and Oaktree Capital— time to revise their offers.

  • Banking Central | The sorry tale of DHFL’s creditors Nov 30, 2020 11:42 AM IST

    Banking Central | The sorry tale of DHFL’s creditors

    Even if a resolution is reached, lenders to DHFL are set to take a big hit.

  • Adani Group calls rivals ‘cartel’, tells DHFL bid done within process: Report Nov 27, 2020 01:29 PM IST

    Adani Group calls rivals ‘cartel’, tells DHFL bid done within process: Report

    In a letter to the RBI-appointed administrator Adani Group said it has “followed due process to make the highest offer so lenders get the highest value for assets"

  • DHFL promoter Kapil Wadhawan moves NCLT seeking participation in CoC meeting, access to data Nov 26, 2020 07:30 PM IST

    DHFL promoter Kapil Wadhawan moves NCLT seeking participation in CoC meeting, access to data

    Earlier, Kapil Wadhawan had requested the RBI-appointed administrator that he should be allowed to participate in the next meeting of the CoC so that he could 'put forth some of these thoughts to the CoC on the video conference to constructively aid in the resolution process of DHFL'.

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