Bonafide shareholders unlikely to get anything even after resolution of DHFL

New Delhi: Oaktree, Adani Grp and Piramal, the three bidders for scam-hit   and the DHFL, have valued the shares of the company at NIL, which means that the retail investors of the housing finance firm will not get anything at all when the company will be handed over on 14 January 2021 to the highest bidder.

Interestingly, DHFL currently has market valuation of around Rs 930 crore and the shares of the company are trading at around Rs 28 per share on the BSE in the morning hours of Tuesday.

Experts spoke to said that although the beleaguered company will be taken over by one of the successful bidders at around Rs 920-930 crore, the small shareholders of the company will not be paid anything as the shares of the company have been valued at zero by all the three bidders which are in the fray to acquire DHFL.

In a separate move, DHFL’s ex-promoter Kapil Wadhawan has cast aspersion on the bids from Oaktree and Piramal Enterprises for DHFL. 

Wadhawan said in a statement that the bids by the two companies are conditional and not qualified. This may result in further delay or even defeat the ongoing resolution process of DHFL.

Wadhawan  said that he delay in resolution process has resulted in 60-70 percent loss to the lenders of the company.