DHFL Takeover by Piramals:
Banks/Creditors Claims: Rs. 100,064 Crores.
Piramals Bid: 37,250 Crores
Bank Write-offs: 50,000 Crores
Other creditors/FD holders lose 13000 crores.
Fixed Deposit holders to receive NOTHING.
Equity shareholders to be written off.
Stock to be delisted.
Banks/Creditors Claims: Rs. 100,064 Crores.
Piramals Bid: 37,250 Crores
Bank Write-offs: 50,000 Crores
Other creditors/FD holders lose 13000 crores.
Fixed Deposit holders to receive NOTHING.
Equity shareholders to be written off.
Stock to be delisted.
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https://www.townandcountrymag.com/society/money-and-power/a36501873/gamestop-barbarians-at-the-gate/
Town & Country
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