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Published: Dec 29, 2021
Updated: Dec 29, 2021
Afterthe acquisition of DHFL, the Piramal group is looking to sell its entire stake in all Shriram group companies so that it can pump the proceeds into the merged entity of DHFL and its own financial services business. Insiders say once the merger is through, it will hive off the corporate loan book, including that of DHFL, and sell it to the highest bidder.
Piramal’s experience with real estate loans to builders has been very bad and it does not want to remain in that segment anymore. The question is: Who will buy the corporate loan book?
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