HR Guru Mayank Rautela tells you what you can do when you face such a situation.
Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.
Debt-ridden Reliance Capital ready to cede control in home finance - Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
'And the top 10 per cent will grow because they have to serve the market.'
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Hailing Narendra Modi's victory, India Inc hopes the incoming government would boost economic growth and create jobs.
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
Two-day event saw participation of venture capitalists, private equity funds, angel investors, etc.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
Piramal is pragmatic when he says he's equally clear the conglomerate approach may not be beneficial in the long run. "It's not that we are married to the idea of having everything together permanently."
In an unified effort, twelve I-League club owners and representatives have decided to launch the Indian Professional Football Clubs Association (IPFCA).
Ajay Piramal bets highly on infrastructure, realty
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
HR Guru Mayank Rautela offers practical advice.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
HR Guru Mayank Rautela offers practical advice.
In May last year, Peninsula forayed into the hospitality sector with a joint venture with textile maker and real estate developer, Arrow Webtex. The JV planned to build hotels in Mumbai, Pune, Nagpur, Nasik and Kolhapur in Maharashtra. There were also plans to develop hotels in Ahmedabad, Surat, Jamnagar, Mundra port, Goa and Kerala.
Canada Pension Plan Investment Board has stringent processes and systems, which are proving to be a stumbling block
Piramyd Retail, a part of the Ashok Piramal group, will launch a new branding strategy for its departmental store format, Piramyd Megastore, in a month's time.
HR Guru Mayank Rautela offers practical advice.
Indiabulls Wholesale Services, the retail arm of Indiabulls Real Estate, has acquired Piramyd Retail, a company owned by the Ashok Piramal Group which runs 35 neighbourhood retail stores and seven lifestyle stores. Indiabulls Wholesale has acquired 63.92 per cent stake in Piramyd Retail at an enterprise value of around Rs 208 crore (Rs 2.08 billion), said sources close to the deal.
Ashok Piramal Group company Peninsula Land has inked a property deal worth Rs 1,200 crore (Rs 12 billion) with Essar Realty Holdings, the realty arm of the Essar Group, to sell and lease premises at its upcoming IT park named Peninsula Technopark on LBS Marg in Kurla. The deal was signed recently, according to sources.
Mayank Rautela distils his 20-odd years of experience in human resources management to tell you how you can ace in your career.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
Piramyd Retail Ltd, a part of the Rs 3,000 crore (Rs 30 billion) Piramal Group, is planning a foray into retailing of its private labels of food and personal care products.
Pyramid Retail Ltd, the Piramal group promoted retail chain, will add 12 more malls in lifestyle category and 60 more stores in food and grocery segment in northern and western region by 2008, with an investment of Rs 135 crore (Rs 1.35 billion).
The Piramals have said in a media statement that reports suggesting that the Piramal family is heading for a split are 'completely wrong and baseless.'
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