At 12:15 pm, Piramal Enterprises shares had zoomed by 6.4 percent to Rs 2,088.75 on the BSEThe Mumbai Bench of the National Business Law Tribunal (NCLT) has actually authorized Piramal Group's resolution plan for the debt-ridden mortgage firm Dewan Real estate Finance (DHFL).
We wish to further inform you that Hon'ble National Business Law Tribunal, Mumbai Bench has today accorded its approval to the resolution plan of Piramal Capital - Real Estate Finance Limited (PCHFL) in relation to the CIRP of DHFL, Piramal Enterprises stated in a regulative filing to the stock exchanges.Piramal Group's resolution plan was approved by the committee of lenders earlier in January.DHFL's shares would be delisted from stock exchanges post the acquisition by Piramal Capital and Real estate Finance.At 12:15 pm, Piramal Enterprises shares had zoomed by 6.4 percent to Rs 2,088.75 on the BSE as versus a 0.22 percent decrease in the benchmark indices.