At 12:15 pm, Piramal Enterprises shares had zoomed by 6.4 per cent to Rs 2,088.75 on the BSE
The Mumbai Bench of the National Company Law Tribunal (NCLT) has permitted Piramal Group’s decision plan for the debt-ridden mortgage agency Dewan Housing Finance (DHFL). “We wish to further inform you that Hon’ble National Company Law Tribunal, Mumbai Bench has today accorded its approval to the resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) in relation to the CIRP of DHFL,” Piramal Enterprises stated in a regulatory submitting to the inventory exchanges.
Piramal Group’s decision plan was permitted by the committee of collectors earlier in January.
DHFL’s shares could 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.
