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

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

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

Premium

DHFL lenders are currently voting on the three proposals and the results will be known by January 14.

3 min read Last Updated : Jan 04 2021 | 9:56 PM IST

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

Topics : DHFL Piramal Group Adani Group bankruptcy proceedings Insolvency and Bankruptcy Code Shareholders IBC resolution Bhushan Steel Binani Cement

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in