India: Piramal to delist DHFL, wiping out shareholders post-takeover

Thousands of shareholders of Dewan Housing Finance Corp. Ltd (DHFL) are set to be wiped out as Piramal Group, which won a bidding war for the bankrupt mortgage lender, is set to delist the shares of the home financier and merge it with Piramal Capital Housing Finance Ltd, two people directly aware of the resolution plan said.