Piramal Group begins merger of DHFL with mortgage division

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While DHFL employees are likely to be retained because last mile communication is essential, some people’s job roles may change depending on the new business model.

Synopsis

Khushru Jijina, PCHFL Managing Director with extensive experience in corporate finance, sits on the committee. “His experience can help with the DHFL wholesale book,” said a person familiar with the matter.

Mumbai: An executive team led by Jairam Sridharan of Piramal Retail Finance was formed at the direction of the National Companies Legal Tribunal to effect the transfer of Dewan Housing Finance Ltd (DHFL) to its buyer, Piramal Capital and Housing Finance (PCHFL). Khushru Jijina, PCHFL Managing Director with extensive experience in corporate finance, sits on the committee. “His experience can play an important role in the DHFL wholesales.

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