RBI clears Piramal takeover of DHFL

The acquisition of Dewan Housing Finance Corporation (DHFL) by Piramal Capital and Housing Finance has crossed a serious hurdle with the Reserve Bank of India clearing the proposal in favour of Piramal despatched by the lenders led by public sector banks.
Lenders had cleared the Piramal’s Rs 37,250-crore bid for the takeover of the mortgage agency in January first week. The Piramal group is prone to merge DHFL with its monetary companies enterprise as soon as the chapter courtroom, the National Company Law Tribunal, clears the transaction.