Mar 05, 2021 10:57 PM IST
The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing.
- Mar 04, 2021 05:08 PM IST
Among Indian business leaders, 65 percent are expecting a growth in exports in 2021, a Grant Thornton report has stated.
- Oct 06, 2020 10:34 PM IST
According to the auditor's report, the Rs 2,150.84 crore-fraud was in relation to the undervalued and fraudulent nature of certain agreements entered into by the DHFL when the company sold its stake in Pramerica Life Insurance Ltd to DHFL Investments Ltd (DIL), as per a regulatory filing.
- Sep 28, 2020 10:07 PM IST
The entire amount mentioned above along with interest for the remaining period is claimed through the application filed with the NCLT, it added.
- Dec 18, 2019 08:45 PM IST
Total M&A deals in volume terms were 49 last month against 28 transactions in the same month of last year, the report said.
- Oct 24, 2019 06:00 PM IST
According to Grant Thornton's quarterly PE Dealtracker, the July-September quarter saw 211 PE deals worth $9,613 million, while in the corresponding period last year there were 216 such transactions worth $5,202 million.
- Sep 27, 2019 06:50 PM IST
In terms of volume, PE deals stood at 69 in August this year against 67 in the year-ago month, a decline of 3 per cent, the report said.
- Aug 19, 2019 04:32 PM IST
According to Grant Thornton's monthly M&A Dealtracker, as many as 39 deals worth $4.3 billion were reported in July against 49 transactions worth $9.1 billion in the year-ago period.
- Jul 25, 2019 06:14 PM IST
Distressed assets deals cornered the maximum share in the M&A space, the report said adding that the Insolvency and Bankruptcy Code (IBC) along with supportive regulations will make this space a pacesetter in the coming years.
- Jul 20, 2019 05:08 PM IST
The audit has also flagged attempts by the erstwhile top management of IL&FS to influence the ratings including by extending favours and gifts, and also by pressure tactics like threats to move to another agency.
- Jul 19, 2019 02:48 PM IST
Read the forensic audit report that details the extent of the manipulation by IL&FS and credit rating agencies to hide troubles at the infrastructure financier.
- Jul 18, 2019 08:45 PM IST
The audit evaluated the role of the various credit rating agencies on various debt instruments and facilitating excessive borrowings from money markets across group companies that eventually led to defaults.
- Mar 24, 2019 05:44 PM IST
Leading consultancy Grant Thornton's report showed that number of M&A transactions last month rose marginally to 44 last month whereas the same was at 40 in February 2018.
- Mar 19, 2019 03:45 PM IST
According to the ED, the audit report only sheds light on some transactions but an in-depth forensic report is missing.
- Feb 20, 2019 06:58 PM IST
"The overall fall in deal activity can also be attributed to the recent uncertainty around trade and Brexit, current fiscal conditions due to exchange rate volatility and rising crude oil prices that have resulted in the absence of big-ticket transactions as compared to January 2018," says Grant Thornton's monthly Dealtracker January 2019 report.
- Jan 25, 2019 07:15 PM IST
The deal activity will be tepid for the first two quarters of the fiscal and should pick up later, Grant Thornton, a consultancy firm, said, adding a lot will depend on the continuing reforms, new policies and pace of reforms post general elections.
- Aug 17, 2018 05:06 PM IST
According to a Grant Thornton report, following the significant uptrend in July PE investments, the deal tally for the first seven months of this year totalled at $11.51 billion.
- Jun 14, 2018 06:38 PM IST
Positive reforms in affordable housing impact prospects of the real estate sector
- Mar 21, 2018 03:40 PM IST
According to assurance, tax and advisory firm Grant Thornton, in February, there were 62 PE deals worth USD 1,330 million, while in the corresponding period last year there were 45 such transactions worth USD 588 million.
- Sep 12, 2017 05:00 PM IST
The 46 percent decline in August M&A value was primarily due to the absence of big ticket transactions.
- May 12, 2017 01:53 PM IST
According to the assurance, tax and advisory firm, M&A values nearly halved in April while volumes declined by 36 per cent due to the absence of domestic action which saw a ten- fold decline on a year-on-year basis.
- Mar 17, 2017 03:07 PM IST
According to assurance, tax and advisory firm Grant Thornton, there were 44 PE transactions last month worth USD 585 million, as against 97 deals worth USD 1.26 billion a year ago.
- Mar 07, 2017 01:44 PM IST
Fund raising activity in the PE and VC space witnessed a decline of 6 percent in 2016. PEs and VCs raised closed to USD 24.1 billion in 2016 as compared to USD 25.7 billion in 2015.
- Feb 19, 2017 10:58 AM IST
Private equity investment
activity has begun the new year on a sluggish note with
January witnessing a decline in PE investments both in volumes
as well as value terms, says a report.
- Feb 13, 2017 09:02 AM IST
According to assurance, tax and advisory firm Grant Thornton, there were 45 M&A deals worth USD 2,364 million in January this year. In January 2016, there were 42 such transactions amounting to USD 827 million.