PNNDHFL

Mumbai, Maharashtra [India]: One of the shareholders from the Dewan Housing Finance Corporation (DHFL)’s had filed a petition seeking a stay on the delisting of the company’s shares; this petition was recently admitted by the Bombay High Court. DHFL’s equity value was to be pegged at zero, once the Piramal group acquires it. DHFL will then be merged with Piramal group’s financial services business. This case will be heard by the High Court at the end of April; as of now, notices have been sent to all the parties involved. The current SEBI regulations state that an acquirer, after meeting…