Page 10 - Dhfl
US-based Oaktree offers Rs 20k-cr for DHFL, Piramal, Adani also in fray
Piramal offers Rs 15,000 cr for retail book, Adani offers Rs 3,000 cr for SRA, construction fin books
 "US-based Oaktree offers Rs 20k-cr for DHFL, Piramal, Adani also in fray")
Kapil Wadhawan offers Rs 43,000 cr family assets to repay DHFL lenders
The jailed promoter of crisis-hit mortgage lender DHFL, Kapil Wadhawan, has offered his personal and family properties, which he claims are worth Rs 43,000 crore, for repayment of outstanding loans of lenders to the company. Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans. Currently under judicial custody, Wadhawan has proposed to the transfer of the right, title and interest in various projects which form part of the real estate portfolio of his family to enable proper and complete resolution of DHFL and to maximise the value of the properties. The valuation of these projects including Juhu Galli project and Irla project are about Rs 43,879 crore that to at a 15 per cent lesser market value, the letter dated October 17 said. Wadhawan has mentioned that after the IL&FS crisis in September 2018, not only DHFL but all the NBFCs face major financial .
 "Kapil Wadhawan offers Rs 43,000 cr family assets to repay DHFL lenders")
Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL
Oaktree bids for entire company, Piramal for retail loan book
 "Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL")
DHFL lenders brace for haircut after foreign bidders back out of race
Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio
 "DHFL lenders brace for haircut after foreign bidders back out of race")
Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr
According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others
 "Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr")
DHFL case: Bogus transactions of Rs 1,864 crore unearthed, says report
According to the report by the transaction auditor, the concerned transactions occurred between FY17 and FY19
DHFL case: Auditor reports fraudulent transactions worth Rs 2,150 crore
DHFL is undergoing resolution process under the Insolvency and Bankruptcy Code
DHFL used multiple software to hide fraudulent deals: forensic report
FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers
 "DHFL used multiple software to hide fraudulent deals: forensic report")
Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA
The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year
 "Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA")
Sebi bars 12 DHFL promoters from accessing securities for violating norms
They have also been restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi, the regulator said
 "Sebi bars 12 DHFL promoters from accessing securities for violating norms")
DHFL asset sale may get further delayed over 'Bandra Book Entities' report
The report said siphoning off funds by the company was going on since 2006-07 via 91 fictitious entities operating from a Bandra branch
 "DHFL asset sale may get further delayed over 'Bandra Book Entities' report")
DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors
The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that the developer is an "independent entity in the real estate business"
Focus remains on restoring normalcy in operations: DHFL administrator
The pure play mortgage player is the first non-banking financial company/housing finance company to face a corporate insolvency resolution process
Sensex ends 95 pts lower, small, mid-caps outperform; Voda Idea zooms 27%
All that happened in the markets today
 "Sensex ends 95 pts lower, small, mid-caps outperform; Voda Idea zooms 27%")
Top headlines today: Fraudulent transactions at DHFL, Sebi notice, and more
Here are the top business headlines on Thursday
 "Top headlines today: Fraudulent transactions at DHFL, Sebi notice, and more")
DHFL auditors discover fraudulent transactions worth Rs 14,046 cr
The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor
DHFL posts Q1 pre-tax profit of Rs 92.81 cr; total income at Rs 2,328 cr
Company's ability to remain as a going concern will depend on the outcome of the CIRP, auditors said
Valuation drop, legal complications likely to hit HDIL's sale prospects
Suitors may prefer individual projects while bidding
 "Valuation drop, legal complications likely to hit HDIL's sale prospects")
What ails Indian banking, according to Viral Acharya
Some of India's top-rated firms do not always make payments on time and many state-owned, listed entities that borrow in bond markets default regularly
SAT stays order against Edelweiss broking, temporary relief for DHFL
Tribunal asks NSE and Edelweiss to submit replies on Rs 1.8 cr penalty slapped by the exchange on the broker; in DHFL case, Sebi told to halt recovery proceedings against the firm
