Piramal, Oaktree up recovery pitch to DHFL lenders
Synopsis
Piramal Group informed lenders that the worth of the insurance coverage firm can be larger than earlier estimates. Separately, the US-based Oaktree promised an extra ₹1,700 crore of curiosity earnings that’s anticipated to accrue within the interval starting from the approval of the decision plan to its efficient date.
Mumbai: The Piramal Group and Oaktree Capital Thursday indicated in clarifications to the lenders of Dewan Housing Finance (DHFL) that their respective presents to personal the troubled mortgage financier would finally guarantee larger recoveries than estimated earlier.Piramal Group informed lenders that the worth of the insurance coverage firm can be larger than earlier estimates. Separately, the US-based Oaktree promised an extra ₹1,700 crore of
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