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Dewan Housing Finance Corporation

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How is Blackstone faring in its $240-mn India exit?

Finance

10 May, 2024

How is Blackstone faring in its $240-mn India exit?

Private equity behemoth Blackstone, which hit the sell button on a clutch of portfolio companies last year, including auto parts maker ......

Piramal aims to reduce the wholesale loan book of DHFL after merger

Finance

29 September, 2021

Piramal aims to reduce the wholesale loan book of DHFL after merger

After Piramal Capital and Housing Finance Ltd (PCHFL) merges with Dewan Housing Finance Corporation Ltd, the combined entity will aim ......

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Piramal to get funding from StanChart, Barclays Bank for DHFL buyout

Finance

14 June, 2021

Piramal to get funding from StanChart, Barclays Bank for DHFL buyout

Piramal Group is set to receive Rs 13,500 crore ($1.8 billion) in loans from two foreign lenders Barclays Bank and ......

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Awaited judgment on DHFL promoter will put bankruptcy law to test once again

Finance

08 June, 2021

Awaited judgment on DHFL promoter will put bankruptcy law to test once again

The top court’s verdict on the first financial services company facing bankruptcy, which is expected soon, will once again put ......

More fraud uncovered at DHFL

General

22 February, 2021

More fraud uncovered at DHFL

Dewan Housing Finance Corporation Ltd (DHFL), to be acquired by Piramal Group, on Monday said its transaction auditor Grant Thornton ......

Central bank okays Piramal takeover of DHFL

Finance

18 February, 2021

Central bank okays Piramal takeover of DHFL

The Piramal Group has received the greenlight from the Reserve Bank of India to acquire Dewan Housing Finance Corporation Ltd ......

Piramal Group beats Oaktree to emerge as preferred bidder for DHFL

Finance

15 January, 2021

Piramal Group beats Oaktree to emerge as preferred bidder for DHFL

Billionaire Ajay Piramal led Piramal Group has emerged as the preferred bidder to acquire bankrupt mortgage lender Dewan Housing Finance ......

Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets

General

19 October, 2020

Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets

India’s largest clean energy firm, ReNew Power Ventures, is looking for an overseas listing, two people aware of the matter ......

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

General

16 September, 2020

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

Life Insurance Corporation of India (LIC) is planning to gradually sell its stake in IDBI Bank nearly two years after ......

PNB reports $491 mn Dewan Housing loans as fraud

Finance

10 July, 2020

PNB reports $491 mn Dewan Housing loans as fraud

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion ......