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Indian Economy - Understanding the basics of Indian economic system

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Which Company to takeover the Dewan Housing Finance Corporation Ltd (DHFL) ?

Reliance Group

Mahindra Group

Tata Group

Piramal group

Explanation:

The Reserve Bank of India has approved the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal Group .
The decision was taken by RBI after a month a Committee of Creditors of DHFL voted in favor of Piramal’s bid.
Now, the Piramal Group will require to take permission of National Company Law Tribunal (NCLT) to take over the DHFL.
Apart from the Piramal Group, another major contender for the debt-ridden NBFC was US-based Oaktree Capital.

By: Rohit Middha

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