Inactive Instrument

DEWN HOUS

Equities

DHFL

INE202B01012

Dewan Housing Finance : DHFL creditors vote in favour of Piramal's $5 billion bid - source

January 17, 2021 at 05:17 am EST

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)

Latest news about DEWN HOUS

Dewan Housing Finance Corporation Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-07-27	CI
Dewan Housing Finance Corporation Limited Reports Earnings Results for the Full Year Ended March 31, 2022	22-08-11	CI
Piramal Capital & Housing Finance Limited completed the acquisition of Dewan Housing Finance Corporation Limited.	21-09-28	CI
Dewan Housing Finance Corporation Limited Reports Earnings Results for the First Quarter Ended June 30, 2021	21-08-13	CI
DHFL May Delist after Acquisition or Merge with Piramal	21-06-07	CI
Dewan Housing Finance : Turns to Profit in Fiscal Q4	21-06-07	MT
Dewan Housing Finance Corporation Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021	21-06-05	CI
Piramal May Sell DHFL Loans After Deal	21-03-30	CI
Dewan Housing Finance : Piramal Group says RBI approves its DHFL takeover	21-02-18	RE
Dewan Housing Finance Corporation Limited Reports Earnings Results for the Quarter and Nine Months Ended December 31, 2020	21-02-13	CI
Dewan Housing Finance : India proposes stricter regulations for large shadow banks	21-01-22	RE
Indian shares end over 1% higher; markets eye Yellen speech	21-01-19	RE
Indian shares end over 1% higher; markets eye Yellen speech	21-01-19	RE
Indian shares rise over 1% on boost from Reliance, HDFC	21-01-19	RE
Bajaj Finance : Indian shares hit over one-week low as shadow lenders drop on fears of tighter rules	21-01-18	RE
Indian shares hit over 1-wk low as shadow lenders drop on fears of tighter rules	21-01-18	RE
Dewan Housing Finance : DHFL shares jump as Piramal set to take over crisis-hit lender	21-01-18	RE
Indian shares fall as shadow lenders slide on fears of tighter rules	21-01-18	RE
Dewan Housing Finance : DHFL creditors vote in favour of Piramal's $5 billion bid - source	21-01-17	RE
India central bank likely to propose stricter rules for shadow banks: sources	21-01-16	RE
India central bank likely to propose stricter rules for shadow banks - sources	21-01-16	RE
Piramal Capital & Housing Finance Limited won the bid to acquire Dewan Housing Finance Corporation Limited for approximately INR 340 billion.	21-01-15	CI
Piramal Reportedly Wins Race to Acquire DHFL	21-01-15	CI
Piramal Contests Oaktree's Offer for Bankrupt DHFL	21-01-08	CI
Oaktree Provides Unconditional, Implementable Plan for DHFL Resolution	21-01-08	CI

Chart DEWN HOUS

Duration

Period

More charts

Company Profile

Piramal Capital & Housing Finance Ltd, formerly Dewan Housing Finance Corporation Limited, is an India-based housing finance company. The Company is engaged in various financial services businesses. It provides both wholesale and retail funding opportunities across sectors. It provides housing finance and other financing solutions across the capital stack ranging from early stage private equity, structured debt, senior secured debt, construction finance and flexi lease rental discounting. It provides hospitality financing solutions to hotels which will be operated by branded players in established and emerging markets. Its wholesale business in the non-real estate sector includes separate verticals, such as Corporate Finance Group (CFG) and Emerging Corporate Lending (ECL). CFG provides funding solutions to companies across sectors such as infrastructure, renewable energy, roads, industrials and auto components. ECL focuses on lending towards Small and Medium Enterprises (SMEs).

Sector

More about the company