Piramal Group secures RBI approval for DHFL takeover
Thu, Feb 18, 2021 2:41 PM

Piramal Group secures RBI approval for DHFL takeover

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Piramal Group secured the critical RBI approval for DHFL takeover. The central bank's nod has cleared the way for Piramal Group's takeover of DHFL pending NCLT approval. DHFL is a deposit-taking housing finance company, headquartered in Mumbai. On 20 Nov 2019, the RBI removed the board of directors of the company citing corporate governance failure and the company's defaulted payment obligations.

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