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Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses
Bank debt-to-equity conversion will depend on forensic audit report details
A consortium - led by Union Bank (UNBK.NS) and State Bank of India (SBI.NS) - was set up to restructure DHFL's (DWNH.NS) debt a month after it first defaulted in June
KPMG did a forensic audit on DHFL. Its draft report has startling findings and says DHFL could have diverted funds to promoter-led entities
Shareholders vote on debt conversion plan at the AGM on Saturday
The revision in the long-term ratings of DHFL takes into account delays in announcement of strategic investor