The firm plans to issue non-convertible debentures of various tenors
63 moons believes that the resolution plan is against interest of all DHFL's creditors, including NCD holders
Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations
Piramal Retail Finance on Thursday said it aims to focus on scale
The company has raised over Rs 50,000 cr ore since Apr-2019, through several equity transactions leading to inflows of over Rs 18,000 cr
The tier I capital of DHFL has already been completely written off and the existing lenders will be taking a substantial write-down on their loans
This will be the one of the largest debt deals in home finance/non-banking finance this year
Brookfield is steadily building a credit portfolio in real estate. It has built a loan book of $1 billion in the past couple of years
The transaction, facilitated by property consultant JLL, included sale of a prime commercial land parcel on Richmond Road in Bengaluru's central business district to SNC
With this, Piramal would also be facilitating external capital (on a fund or co-investment basis) alongside its lending business
The rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd. and the British bank
Were RBI and govt slow to react to the NBFC crisis? There was an initial feeling that it was a one-institution problem, but going forward, the issue was recognised, says V Srinivasa Rangan
KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital
Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore
Fund raising a challenge in risk averse market
Reports on Wednesday said Piramal is in talks with Goldman Sachs to sell Rs 2,000 crore worth of Lodha loans
We have always believed in the long-term real estate growth story in India, Jijina said