Piramal Capital & Housing Finance Limited has reverse merged with which debt-ridden company? Options: A . &nbspDHFL B . &nbspYes Bank C . &nbspLakshmi Vilas Bank Ltd D . &nbspKingfisher Airlines

Piramal Capital & Housing Finance Limited has reverse merged with which debt-rid

Question

Piramal Capital & Housing Finance Limited has reverse merged with which debt-ridden company?

Options:

A . DHFL

B . Yes Bank

C . Lakshmi Vilas Bank Ltd

D . Kingfisher Airlines

Answer: Option A

Piramal Capital & Housing Finance Limited, a subsidiary of Piramal Enterprises has reverse merged itself with the debt-ridden Dewan Housing Finance Limited (DHFL) after paying a sum of Rs.34,250cr to the creditors of DHFL.

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