Piramal Enterprises is headed by Ajay Piramal. Ajay Piramal is in relation to Mukesh Ambani. Ajay Piramal’s son Anand is married to Mukesh Ambani’s daughter Isha.
Piramal Enterprises’ bid for the debt-riddled DHFL received the highest number of votes with the end of the voting process by lenders.
Sources said Piramal’s bid received 94 percent of the vote, while US-based company Oaktree’s bid received 45 percent of the vote. The Committee of Lenders (COC) will sit once to take a final decision in this regard and send its recommendations to the NCLT. Last month, after the end of the fifth and final round of the bidding process, both Piramal Enterprises and Oaktree claimed their bid was the highest.
According to sources, the bidders have bid between Rs 35,000 and Rs 37,000 crore. Let us tell you here that the head of Piramal Enterprises is Ajay Piramal. Ajay Piramal is in relation to Mukesh Ambani. Actually, Ajay Piramal’s son Anand is married to Mukesh Ambani’s daughter Isha.
Rs 83,873 crore outstanding: In July 2019, the company owed banks Rs 83,873 crore. The company’s assets (outstanding debt) were Rs 79,800 crore in March 2020. Of this, 63 percent was NPA. Of this, State Bank of India has the largest outstanding of Rs 10,083 crore.
Apart from this, Bank of India (Rs 4,125 crore), Canara Bank (Rs 2,681 crore), NHB (Rs 2,434 crore), Union Bank (Rs 2,378 crore), Syndicate Bank (Rs 2,229 crore), Bank of Baroda (Rs 2,075 crore) , Indian Bank (1,552 crore), Central Bank (1,389 crore), IDBI Bank (999 crore) and HDFC Bank (Rs. 361 crore) are outstanding.
Another letter from Amazon against Reliance-Future deal: Meanwhile, US e-commerce company Amazon has urged market regulator Securities and Exchange Board of India (SEBI) to suspend review of Future-Reliance deal worth Rs 24,713 crore .
The company also urged Sebi not to grant the No Objection Certificate (NOC) on the basis of its own challenge before the Delhi High Court. Amazon has already written such a request to SEBI. This is the eighth letter sent by Amazon to Sebi Chairman Ajay Tyagi since October last year.
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