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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Dewan Housing Finance Corporation Limited    DHFL   INE202B01012

DEWAN HOUSING FINANCE CORPORATION LIMITED

(DHFL)
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Delayed Quote. Delayed NSE India Stock Exchange - 03/08 06:16:15 am
21.65 INR   -4.84%
02/18Piramal Group says RBI approves its DHFL takeover
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01/22India proposes stricter regulations for large shadow banks
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01/19Indian shares end over 1% higher; markets eye Yellen speech
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Dewan Housing Finance : DHFL creditors vote in favour of Piramal's $5 billion bid - source

01/17/2021 | 05:17am EST
A woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai

MUMBAI (Reuters) - Creditors of India's Dewan Housing Finance Corp have voted in favour of a 372.5 billion rupees ($5.09 billion)takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source with knowledge of their decision said on Sunday.

DHFL's creditors finished voting on Friday evening, and the source requested anonymity as the result has not been officially released.

Once one of India's top "shadow" lenders, DHFL accumulated total debts of almost 1 trillion rupees before defaulting on payments to its creditors.

Three entities - Adani Group, Piramal Group and U.S.-based asset management company Oaktree Capital Management - had been invited to bid for DHFL's entire loan book.

(Reporting by Nupur Anand; editing by Simon Cameron-Moore)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEWAN HOUSING FINANCE CORPORATION LIMITED -4.84% 21.65 Delayed Quote.-23.14%
PIRAMAL ENTERPRISES LIMITED -0.37% 1917.1 End-of-day quote.34.10%
All news about DEWAN HOUSING FINANCE CORPORATION LIMITED
02/18Piramal Group says RBI approves its DHFL takeover
RE
01/22India proposes stricter regulations for large shadow banks
RE
01/19Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares rise over 1% on boost from Reliance, HDFC
RE
01/18Indian shares hit over one-week low as shadow lenders drop on fears of tighte..
RE
01/18Indian shares hit over 1-wk low as shadow lenders drop on fears of tighter ru..
RE
01/18DHFL shares jump as Piramal set to take over crisis-hit lender
RE
01/18Indian shares fall as shadow lenders slide on fears of tighter rules
RE
01/17DEWAN HOUSING FINANCE  : DHFL creditors vote in favour of Piramal's $5 billion b..
RE
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Financials
Sales 2020 40 867 M 559 M 559 M
Net income 2020 -134 558 M -1 841 M -1 841 M
Net Debt 2020 762 B 10 432 M 10 432 M
P/E ratio 2020 -0,02x
Yield 2020 -
Capitalization 7 139 M 97,4 M 97,7 M
EV / Sales 2019 24,1x
EV / Sales 2020 18,7x
Nbr of Employees 2 179
Free-Float 59,3%
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Managers and Directors
NameTitle
Vaijinath M. Gavarshetty Chief Executive Officer
Sunil Kumar Bansal Chief Financial Officer
Satya Narayan Ramdev Baheti Secretary & Compliance Officer
Santosh Ramakrishna Nair Chief Business Officer
Asish Saraf Chief Risk Officer & Senior Vice President