DHFL Stock Latest News: As per the guidelines of IBC (Insolvency and Bankruptcy Code) and delisting rules of SEBI, after the acquisition of DHFC, its shares will be delisted from the market.
DHFL Stock Latest News: Shares of debt-ridden housing financing services company DHFL may exit the stock market after the completion of its acquisition by Piramal Capital and Housing Finance. According to the news of PTI, sources have indicated such a plan. Piramal Capital has been successful among the bidders for DHFL.
DHFL’s acquisition bid
According to the news, the bid of Piramal Capital and Housing Finance among the bidders to acquire DHFL (Dewan Housing Finance Corporation) under the Insolvency and Bankruptcy Code (IBC) process has been approved by the Union Bank of India-led lender group. was. The share price of DHFL has closed at Rs 20.80 today.
Then the shares will be delisted from the market
Sources say that as per the guidelines of the IBC (Insolvency and Bankruptcy Code) and the rules of delisting by SEBI, after the acquisition of DHFC, its shares will be delisted from the market. Apart from this, sources say that the company can merge itself with DHFL itself. For this, steps can be taken only after all the legislative, regulatory approvals.
The National Company Law Tribunal (NCLT) on Monday gave conditional approval to Piramal Group’s bid for DHFL. The tribunal, headed by H P Chaturvedi, said its approval would depend on the Supreme Court’s decision in this regard on a plea by the National Company Law Appellate Tribunal (NCLAT) and the company’s former promoter Kapil Wadhawan.
