Mumbai: On Monday, the Mumbai bench of NCLT had approved the resolution plan of the Piramal Enterprises’ subsidiary.
Equity shares of Dewan Housing Finance Corporation Ltd will be delisted from the stock exchanges going ahead, as part of the resolution plan of Piramal Capital & Housing Finance Ltd.
On Monday, the Mumbai bench of NCLT had approved the resolution plan of the Piramal Enterprises’ subsidiary.
“As part of the Resolution Plan, the equity shares of the Company are proposed to be delisted. Appropriate disclosures in terms of Regulation 3(3) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, shall be made following receipt of the copy of the Order by the National Company Law Tribunal approving the Resolution Plan,” DHFL said in a regulatory filing.
The approval came after the National Company Law Appellate Tribunal (NCLAT) on May 25 stayed the NCLT order directing DHFL’s Committee of Creditors (CoC) to consider the settlement of its former promoter Kapil Wadhawan.
