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DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal

On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance

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DHFL

SI Reporter New Delhi
Shares of Dewan Housing Finance Corporation Ltd (DHFL) were locked in the 5 per cent upper circuit band, at Rs 20 apiece, on the BSE after the insolvent housing financier received a no objection from the Reserve Bank with regards to the resolution plan of Piramal Capital & Housing Finance. In comparison, the ben chmark S&P BSE Sensex was down 1,400 points, or 2.7 per cent, at 11:19 am.

On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. 

"Pursuant to the

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First Published: Feb 26 2021 | 11:21 AM IST

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