Piramal says only eyeing home loan portfolio of DHFL, not its shares

Image: Moneycontrol

Ajay Piramal, Chairman of Piramal Enterprises on April 26 said he has no intention to invest in Dewan Housing Finance Corp (DHFL), and is only evaluating the possibility of acquiring the troubled housing finance corporation’s (HFC’s) home loan portfolio.

“We are looking at various portfolios concerning home loans, one of which is DHFL. We are looking at their portfolios. If it all we do, we are just acquiring a portfolio or part of the portfolio and not acquiring or investing in the shares of the company,” said Piramal on a post earnings media call.

“We are conservative when we look at the portfolios. We want to see the quality if the portfolio and what value we get,” Piramal said.

DHFL had assets of Rs 96,839 crore as of December 31, 2018.

Ajay Piramal, Chairman of Piramal Enterprises on April 26 said he has no intention to invest in Dewan Housing Finance Corp (DHFL), and is only evaluating the possibility of acquiring the troubled housing finance corporation’s (HFC’s) home loan portfolio.

“We are looking at various portfolios concerning home loans, one of which is DHFL. We are looking at their portfolios. If it all we do, we are just acquiring a portfolio or part of the portfolio and not acquiring or investing in the shares of the company,” said Piramal on a post earnings media call.

“We are conservative when we look at the portfolios. We want to see the quality if the portfolio and what value we get,” Piramal said.

DHFL had assets of Rs 96,839 crore as of December 31, 2018.

[“source=moneycontrol”]