RBI approves Piramal's DHFL plan, resolution plan to be submitted to NCLT within a week

Ajay Piramal led Piramal Group has received Reserve Bank of India (RBI) approval to complete its acquisition of debt laden DHFL through the IBC process, the company said in a short statement. Piramal Capital and Housing Finance is the non banking finance company (NBFC) controlled by the pharma to real estate group.