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Ajay Piramal's 19-Month Wait For DHFL Ends In Success
Ajay Piramal's quest to make a mark in financial services gets a DHFL boost.
30 Sep 2021, 07:49 AM IST
In February 2020, when the Piramal Group submitted an expression of interest to buy insolvent Dewan Housing Finance Corp.'s assets, Chairman Ajay Piramal may not have imagined the long wait they were in for. Piramal finally closed the acquisition on Wednesday but after a grueling process. Along the way, they had to fight off a tough competitor in the Adani Group, which changed its strategy midway and decided to bid for all of DHFL's ...
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