DHFL shares advance nearly 5%; hit upper circuit
Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI.
Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI.
The other major contender for the debt-ridden NBFC was US-based Oaktree Capital which secured around 45 per cent of the votes, while Adani Capital was able to secure 18 per cent votes.
The total offer of Piramal was Rs 37,250 crore. However, it had offered a higher upfront cash payment that may have appealed the CoC members.
The monetary commitment comes on the heels of the manpower and services that have already been deployed in collaboration with the central and state government entities.
Calling it a “murky saga of bribery, gratification, gross impropriety and conflict of interest”, Congress asked why Piyush Goyal concealed critical facts about his commercial interest and relationships in his declaration of assets and liabilities to the PMO.
