Piramal Capital & Housing Finance acquires DHFL via reverse merger

In November 2019, RBI had referred DHFL -- then the third-largest pure-play mortgage lender -- for resolution under the Code. DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

from Banking/Finance-Industry-Economic Times https://ift.tt/3B2N8zE