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Former KKR executive Rupen Jhaveri joins Piramal Group as President

People

22 December, 2021

Former KKR executive Rupen Jhaveri joins Piramal Group as President

Billionaire Ajay Piramal-owned Piramal Enterprises Ltd has roped in former global private equity KKR & Co's executive Rupen Jhaveri as ......

Piramal aims to reduce the wholesale loan book of DHFL after merger

Finance

29 September, 2021

Piramal aims to reduce the wholesale loan book of DHFL after merger

After Piramal Capital and Housing Finance Ltd (PCHFL) merges with Dewan Housing Finance Corporation Ltd, the combined entity will aim ......

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Piramal to get funding from StanChart, Barclays Bank for DHFL buyout

Finance

14 June, 2021

Piramal to get funding from StanChart, Barclays Bank for DHFL buyout

Piramal Group is set to receive Rs 13,500 crore ($1.8 billion) in loans from two foreign lenders Barclays Bank and ......

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Awaited judgment on DHFL promoter will put bankruptcy law to test once again

Finance

08 June, 2021

Awaited judgment on DHFL promoter will put bankruptcy law to test once again

The top court’s verdict on the first financial services company facing bankruptcy, which is expected soon, will once again put ......

NCLT approves Piramal offer to acquire DHFL with conditions

Finance

07 June, 2021

NCLT approves Piramal offer to acquire DHFL with conditions

An insolvency court today conditionally approved Piramal Group’s overall resolution plan for financially troubled Dewan Housing Finance Corporation Ltd (DHFL) ......

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Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?

Finance

26 May, 2021

Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?

The bankruptcy tribunal’s move last Thursday directing lenders of Dewan Housing Finance Corporation (DHFL) to consider a settlement proposal from ......

Bankruptcy cases: Setback for DHFL promoter, Jaiprakash Associates' Manoj Gaur woos lenders

Finance

25 May, 2021

Bankruptcy cases: Setback for DHFL promoter, Jaiprakash Associates' Manoj Gaur woos lenders

An appeals tribunal has stayed an order by the lower body that had last week asked the administrator of Dewan ......

Tribunal asks DHFL administrator to table ex-promoter's offer before lenders

Finance

19 May, 2021

Tribunal asks DHFL administrator to table ex-promoter's offer before lenders

The bankruptcy tribunal today asked the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to table a settlement offer from ......

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DHFL, Jet Airways lead a busy month for stressed asset deals in February

Finance

01 March, 2021

DHFL, Jet Airways lead a busy month for stressed asset deals in February

February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......

More fraud uncovered at DHFL

General

22 February, 2021

More fraud uncovered at DHFL

Dewan Housing Finance Corporation Ltd (DHFL), to be acquired by Piramal Group, on Monday said its transaction auditor Grant Thornton ......