The Mumbai Bench of the Nationwide Firm Regulation Tribunal (NCLT) has authorised Piramal Group’s decision plan for the debt-ridden mortgage agency Dewan Housing Finance (DHFL). “We want to additional inform you that Hon’ble Nationwide Firm Regulation Tribunal, Mumbai Bench has immediately accorded its approval to the decision plan of Piramal Capital & Housing Finance Restricted (PCHFL) in relation to the CIRP of DHFL,” Piramal Enterprises mentioned in a regulatory submitting to the inventory exchanges.
Piramal Group’s decision plan was authorised by the committee of collectors earlier in January.
DHFL’s shares can be delisted from inventory exchanges put up the acquisition by Piramal Capital and Housing Finance.
At 12:15 pm, Piramal Enterprises shares had zoomed by 6.4 per cent to Rs 2,088.75 on the BSE as towards a 0.22 per cent decline within the benchmark indices.