Not a penny to equity holders as DHFL bidders value firm's shares at zero

Topics DHFL | Piramal Group | Adani Group

All the three bidders of DHFL--Oaktree, Piramal and the Adani group--have valued the housing finance company’s share at zero, leaving no upside to its shareholders when the company will be offered to the highest bidder by January 14th. As on Monday, DHFL had a market valuation of Rs 941 crore as its share traded at Rs 30 a share even after the company was sent for bankruptcy proceedings thus baffling investors. “As soon as the offer of any bidder is accepted by the lenders, shareholders will not get a single penny. Hence, the Rs 941 crore market valuation of DHFL is a mystery.....

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