DHFL hits the roof after CoC approves Piramals resolution plan
18 Janvier, 2021, 13:22 | Auteur: Auguste Feret
And that is why the sum of the votes exceeds 100 per cent, sources said.
Shares of the Mumbai-based troubled shadow lender Dewan Housing Finance Corporation Limited (DHFL) were locked in a 5 per cent upper circuit at Rs 27.50 on the BSE after its committee of creditors (CoC) approved a resolution plan submitted by Ajay Piramal-led Piramal Capital and Housing Finance.
Piramal Enterprises has emerged as the preferred bidder for DHFL by garnering around 94 percent votes from the Committee of Creditors (CoC), according to sources aware of the outcome. However, it had offered a higher upfront cash payment that may have appealed the CoC members.
Once one of India's top "shadow" lenders, DHFL accumulated total debts of nearly 1 trillion rupees before defaulting on payments to its creditors.
Against this, Oaktree offered Rs 38,400 crores, including a Rs 1700 crore addition in the bid. Of these, ₹50,227 crore or 63 per cent of the total portfolio was reported as gross NPAs.
The real reason Ben Affleck played Batman
I drank, like, alone in my living room and just passed out, like, with scotch. "But I got sober", Ben concluded. Ben Affleck will return as Batman in the upcoming The Flash movie, starring Ezra Miller.
Piramal said it formally submitted a final bid within the deadline, while Oaktree sent an additional offer after the deadline, offering Rs 1,700 crore more. Oaktree, in a letter to the creditors, had claimed a Rs 2,700-crore undervaluation by the CoC.
DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC. The entire resolution process has been mired in controversy, with unsolicited offers, bickering between suitors, conflict of interest issues with legal advisors to the firm, and the promoter facing allegations of fraud.
As of July 2019, the company owed Rs 83,873 crore to banks, the National Housing Board, mutual funds and bondholders.
The outcome was a "marginal positive" for banks that have exposure to DHFL, including state-run Bank of India, Canara Bank and Union Bank of India and private-sector lenders such as Yes Bank, Jefferies added.
Alpine has announced that former Suzuki MotoGP team manager Davide Brivio will join its Formula 1 squad this year. Brivio brings a wealth of experience from MotoGP, where he won several world championships with Suzuki.
Archie's mother shared that the family received the results of their son's second post-mortem shortly before Christmas. She said that just days earlier he had been celebrating his birthday with " the love of his life Nethra ".
Scrutiny of Cienfuegos' wealth and tax obligations uncovered no evidence that he had received illegal income, it said. One source with knowledge of the situation said the case failed to establish ownership of the Blackberry.
The 46-year-old businesswoman and political newcomer was elected to represent Georgia's 14th District in November. The social media company temporarily banned the Republican congresswoman for allegedly spreading misinformation.
Au classement, ce succès permet au LOSC de rester au contact du leader provisoire, le Paris Saint-Germain. Comme attaquant, on veut toujours marquer, c'est notre boulot, c'est pour ça qu'on est dans l'équipe.
The House voted 232-197 to impeach Trump with the Capitol secured by armed National forces to prevent any further riots . Trump will now face a trial in the Senate, where if convicted he could face being barred from ever holding office again.
The makeup artist, who is also of Guyanese heritage, as is Rihanna , reacted to a fan saying, "Guyanese girls unite". Paul Getty Medal and she has been honored by The Whitney Museum of American Art, the Solomon R.
Ecoutez sa musique, allumez un cierge, faites une prière pour qu'il la garde avec lui lors de son dernier voyage. Nous sommes en deuil, mais nous savons qu'il est maintenant en paix et qu'il ne souffre plus.
It was cars and cars of British photographers who were photographing me going and buying a pint of milk and a newspaper. Currently, he has a no-touch policy on his photos for the ad campaigns and movie posters he appears in.
In the meantime, Gigi confirmed her being pregnant in April, after "household sources" first revealed the information. Gigi Hadid takes a photo with her cell phone during an outing in NY on Friday afternoon (January 15).
Sophie Wilmès: "Alexei Navalny doit être libéré"
La porte-parole de la diplomatie russe Maria Zakharova leur a rétorqué via Facebook de "se mêler de leurs propres problèmes". D'abord hospitalisé à Omsk, il avait finalement été évacué vers un hôpital berlinois sous la pression de ses proches.
Biden to issue executive orders to reverse Trump policie
Another Indian-American, Bharat Rammurthy, has been appointed deputy director of the White House National Economic Council. Uzra Zeya: She has been nominated under Secretary of State for Civilian Security, Democracy, and Human Rights.
Mega Millions grows to $850M after no winners Friday
If anyone had matched the numbers, they would have won $750 million - the fourth-largest lottery payout in USA history. The winning numbers pulled on Wednesday, Jan. 13, were 4, 19, 23, 25, 49, with a red Powerball of 14.
Emirates stops flights to major Australian cities
It also tightened restrictions on flight crews and quarantine workers while making masks mandatory on all flights and in airports. The move follows the Australian Government's decision to halve the already very limited number of global arrivals it will accept.
Pakistan in major shake-up for South Africa series
He said importance will be given to those who had performed well in the just concluded Quaid-e-Azam Trophy first class tournament. The players will enter their bio-secure bubble on Tuesday and the squad will be trimmed to 16 players before the opening Test.