Imagine noticing a celebrity as you are flying towards your destination and reading a book to keep you from boredom. But you pretend to be cool about it and stay in your place until much later. Something similar happened to Piramal Capital and Housing Finance Managing Director Jairam Sridharan.
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Dewan Housing share hits upper circuit after Piramal gets RBI nod for acquisition
DHFL stock rose 4.99% to Rs 18.95 on BSE. Market cap of the firm stood at Rs 594 crore. DHFL share has gained 32.98% in the last 6 days
BusinessToday.In | February 19, 2021 | Updated 11:42 IST
DHFL share has gained 74.65% in one year but fallen 36.09% since the beginning of this year. In a month, the stock has fallen 34.32%.
Dewan Housing Finance Ltd (DHFL) share hit upper circuit of 5% in early trade today after Reserve Bank of India (RBI) cleared Piramal Capital and Housing Finance s resolution plan for acquiring the bankrupt mortgage lender. The stock rose 4.99% to Rs 18.95 on BSE. Market cap of the firm stood at Rs 594 crore. DHFL share has gained 32.98% in the last 6 days.
RBI Approves DHFL Resolution Plan:- The Reserve Bank of India cleared the acquisition of the Diwan Housing Finance Corporation by Piramal Capital and Housing Finance. The group is pipped the USA-based management firm Oaktree after they placed a bid which is higher than the company last month. We understand that the RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the CoC told Piramal Group in a statement. The Indian public sector banks voted in favour of Piramal Group and their debt resolution plan for DHFL and they have paved way to rescue the housing finance company that is left bankrupt.