2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
National Housing Finance
|
|
|
International Hearing Conference
|
|
|
New India Assurance
|
|
|
Life Insurance Corporation Of India
|
Detailed explanation-1: -NHB approves merger between Aadhar Housing Finance and DHFL Vysya Housing Finance.
Detailed explanation-2: -DHFL, with outstanding debt of over Rs 90, 000 crore, was acquired by the Piramal group for Rs37, 250 crore.
Detailed explanation-3: -The erstwhile Aadhar Housing Finance Limited was incorporated in 2010 and later amalgamated with DHFL Vysya w.e.f 20th November, 2017 and subsequently name changed to Aadhar Housing Finance Limited.
Detailed explanation-4: -The merged entity will be 100% owned by Piramal Enterprises. Mr Piramal said most of the DHFL creditors have recovered nearly 46% through successful completion of the resolution process and the merger creates one of the leading Housing Finance Companies in India, focused on affordable financing.
Detailed explanation-5: -From 14th June 2021, the investors are not able to trade in DHFL’s shares on BSE & NSE. The Bombay Stock Exchange & National Stock Exchange suspended trading of DHFL Shares.