Post DHFL acquisition, Piramal Capital to open 100 branches
NEW DELHI: Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years. In September 2021, PCHFL completed acquisition of debt-laden Dewan Housing Finance Ltd (DHFL), thereby creating one of the largest housing […]
CBI books DHFL over fictitious home-loan accounts
NEW DELHI: The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna (PMAY), officials said on Wednesday. The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the […]
DHFL posts consolidated net loss of Rs 13,095 crore in Q3 FY21
NEW DELHI: Dewan Housing Finance Corporation (DHFL) on Saturday posted a consolidated net loss of Rs 13,095.38 crore in the third quarter ended December 2020 against a net profit of Rs 934.31 crore in the year ago quarter. Sequentially, the company witnessed widening of net loss from Rs 2,122.65 crore in the second quarter ended […]
DHFL creditors vote in favour of Piramal’s $5 billion bid – source
MUMBAI: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 […]
DHFL COC seeks to oust Oaktree from bidding race; rules changed again to favour Piramal
NEW DELHI: Banking sources reveal that some of the members of the Committee of Creditors (CoC) with large exposure to DHFL, are seeking to oust Oaktree from the bidding race for DHFL assets. Interestingly, Oaktree has emerged as H1 with the highest bid of Rs 38,400 crore. However, at the instance of some of these […]
63 Moons moves NCLT seeking to ensure recovery from DHFL benefit creditors
NEW DELHI: 63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to ensure that recovery from DHFL benefit all creditors, including NCD-holders. The company holds over Rs 200 crore of NCD (non-convertible debentures) of the crippled mortgage player. “We have filed an application with the […]
Kapil Wadhawan’s fresh offer for DHFL, ‘100% refund’ to creditors
NEW DELHI: Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Corporation Ltd (DHFL), has written to the administrator of the bankrupt company with a fresh proposal to repay 100 per cent of the principal debt to the creditors. In a letter which has also been marked to the Reserve Bank of India (RBI), the […]
Can improve DHFL offer, forfeit deposit of those against recoveries: Adani
NEW DELHI: Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the […]
Adani, Piramal, Oaktree may vie for entire DHFL portfolio in fresh bids
By Rituraj Baruah MUMBAI: In a major turn of events in the DHFL resolution process, the Committee of Creditors (CoC) is likely to invite fresh bids for the bankrupt NBFC and sources say that Adani Group, Piramal Enterprises and Oaktree may bid for the entire portfolio of the company. The lenders are likely to begin […]
Adani likely to enhance DHFL bid, may vie for entire portfolio
NEW DELHI: Adani Group has offered to further enhance its bid for the Dewan Housing Finance Corporation Ltd (DHFL) and has shown interest in bidding for the entire portfolio of the bankrupt company. According to sources, Adani Group representatives had a meeting with the lenders on Friday on the matter wherein they offered to pay […]
Oaktree, Adani, and Piramal submit higher bids for DHFL
NEW DELHI: Interested bidders have submitted higher bids for DHFL to the Committee of Creditors, (CoC). DHFL COC is likely to meet early next week to consider the revised bids from all the bidders. Dewan Housing Finance Corporation Ltd. (DHFL) is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across […]
Amitabh Gupta takes charge as Pune police commissioner
PUNE: Senior IPS officer Amitabh Gupta, who had courted a controversy by allegedly facilitating travel of DHFL scam accused Wadhawan brothers during lockdown in Maharashtra, on Sunday took charge as new commissioner of police, Pune. His new posting had drawn attention when the Maharashtra government on Thursday transferred over 50 Indian Police Service (IPS) officers. […]
DHFL seeks loan dues of Rs 112 crore from Pune-based Landscape Realty & guarantors
MUMBAI: Dewan Housing Finance (DHFL) has issued a demand notice for loan overdues of over Rs 112 crore from Pune-based Landscape Realty and its guarantors, which include entities and individuals linked to the 187-year-old PNG Jewellers, a popular chain of gold retailing shops. In a newspaper advertisement, DHFL said it has classified a borrowing by […]
Travel nod to Wadhawans: Shiv Sena trains guns at ex-CM Devendra Fadnavis
NEW DELHI: The Shiv Sena on Monday said the IPS officer, who gave permission to scam accused DHFL promoters Kapil and Dheeraj Wadhawan and 21 others to travel to a hill station amid lockdown, was appointed in the state Home department by previous chief minister Devendra Fadnavis. It is now clear who is actually behind […]
DHFL promoters, 21 others detained at farmhouse for violating coronavirus lockdown norms
MUMBAI: An offence has been registered against DHFL promoters Kapil and Dheeraj Wadhawan and 21 others, including their family members, for travelling to a hill station in violation of prohibitory orders during the coronavirus-enforced lockdown, an official said on Friday. The offence under relevant sections of the IPC and the Disaster Management Act, one of […]
RBI appoints 3-member advisory panel for DHFL
NEW DELHI: The Reserve Bank of India (RBI) on Friday constituted a three-member panel to advise the administrator of DHFL, ahead of formally moving for resolution of the troubled mortgage lender under the insolvency law. IDFC First Bank’s Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance’s Managing Director and Chief Executive N S Kannan, and […]