Banks may take majority stake in DHFL on temporary basis
  • WebDesk BTVI
  • Aug 01 2019

As DHFL is in the last leg to finalise on a resolution plan with approvals from various stakeholders, banks are likely to take majority stake in the company on a temporary basis, sources say. DHFL promoter Kapil Wadhawan may lose his promoter status but he is likely to be a board member. Banks are hopeful of new investors coming in after the restructuring process. However, mutual fund investors have asked to give alternate option if they dissent.