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In September 2021, which of the following companies acquired the housing finance firm Dewan Housing Finance Corporation (DHFL)?

In September 2021, which of the following companies acquired the housing finance firm Dewan Housing Finance Corporation (DHFL)? Correct Answer Piramal Group

The correct answer is Piramal Group.

Key Points

  • Piramal Group has completed the acquisition of housing finance firm Dewan Housing Finance Corporation (DHFL) and a total consideration of ₹34,250 crores has been paid for the same.
  • As a part of the process, Piramal Capital and Housing Finance Ltd (PCHFL) will merge with DHFL.
  • The company will offer services such as used cars and two-wheeler loans; education loans for online courses, etc.

Additional Information

  • In January 2021, 94% of the Creditors of DHFL voted in favour of Piramal’s resolution plan. 
  • The merged entity will be 100% owned by Piramal Enterprises Limited.
  • The Headquarters of Piramal Enterprises Limited is in Mumbai.

Related Questions

In February 2021, the Reserve Bank of India has given the nod to which of the following for the takeover of Dewan Housing Finance Corporation Ltd (DHFL)?
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