InvestorQ : When is the Piramal acquisition of Dewan Housing likely to be fully complete?
Katherine Gonsalves made post

When is the Piramal acquisition of Dewan Housing likely to be fully complete?

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rhea Babu answered.
3 months ago
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It is already completed. Piramal Enterprises has also confirmed that the full consideration of Rs.34,250 crore under the IBC resolution had been paid. This includes upfront cash payment of Rs.14,700 crores and 6.75% NCDs of Rs.19,550 crores. Apart from these, the DHFL cash balance of Rs.3,800 crore is also payable, so creditors get settlement value of Rs.38,000 crore or 46% recovery. DHFL will merge with PCHFL and become a 100% subsidiary of PEL.

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