Dewan Housing Finance Corporation (DHFL) has said that the company’s equity shares will be delisted from the stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company.
”As part of the Resolution Plan, the equity shares of the Company are proposed to be delisted,” DHFL said in an exchange filing. The company was also notified about the approval of the resolution plan by the NCLT.
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The National Company Law Tribunal (NCLT) on Monday gave its approval to Piramal Group’s bid for bankruptcy-DHFL, subject to certain conditions. The resolution plan had already received approvals from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI).
In its order, NCLT asked DHFL’s Committee of Creditors (CoC) to consider giving more money to small fixed deposit holders under the approved resolution plan.
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Dewan Housing Finance Corporation (DHFL)-View Detailed Analysis
