Why transformation is a buzzword at Piramal
Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
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February 2021
January 2021
December 2020
November 2019
October 2019
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
How DHFL fits into Ajay Piramal’s plans
The tycoon has finally won DHFL in a bruising bidding war. Here's Fortune India's earlier story explaining why the ailing home finance company is critical to his plans.
Adani seeks resolution of HDIL via asset demerger
None of the three prospective bidders submitted a resolution plan for the Mumbai-based real estate company before the deadline expired on January 7.
Will the DHFL insolvency end up in a legal dispute?
As Piramal and Oaktree lock themselves in a fierce bidding war, one can’t rule out a legal challenge to the first-ever finance company undergoing the IBC process.
Fortune India 500: The pain before Covid-19
Total profits of the Fortune India 500 companies declined nearly 22% over the previous year, while cumulative revenues fell by 1.4%.
FD holders of DHFL brace for a two-thirds haircut
Lenders are to decide the fate of more than 55,000 fixed deposit holders in two days. In all likelihood, they will lose over 60% of their investments.
DHFL sale enters last lap, three bidders fight it out
Race between Oaktree, Piramal, Adani to be decided in three days, committee of creditors to take final call on December 23.
DHFL’s resolution plan ready for NCLT
Banks led by State Bank of India had finalised a resolution plan for DHFL when a court case scuttled it at the last moment. A revised plan is expected to be ready by Monday.
Smallcase: A new way to invest
Smallcase Technologies is trying to ignite investor interest by offering an alternative to mutual funds. Its run has been good so far. Next? A million-strong investor base by March 2020.
