Piramal wins bid for DHFL, set to expand retail biz

Piramal Group has received 94% votes from lenders, placing the conglomerate on course to become the new owner of bankrupt housing finance company DHFL. The US-based Oaktree Capital, which made an aggressive pitch for the company is understood to have received supporting votes from 45% of the lenders.



January 16, 2021 at 04:00AM