Highlights of comments by Piramal Enterprises on Dewan Housing buyout

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* Paid 342.5 bln rupees for Dewan Housing buyout
* Completed acquisition of Dewan Housing under IBC
* Most DHFL creditors recovering nearly 46% of dues
* Retail loan book to grow 5 times with DHFL buyout
* Retail, wholesale mix to be 50:50 post DHFL buyout
* DHFL buyout to lower lending arm's average borrow cost
* Branch network increased to 301 from 14 with DHFL deal
* Retail loan share may rise to 67% mid-to-long term
* See improvement in equity utilisation in fincl svcs ops

AJAY PIRAMAL'S COMMENTS
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* To merge arm with DHFL in couple of weeks
* Borrow cost to fall by 130 bps with DHFL deal
* Merged entity to focus on affordable housing loans
* 2nd COVID wave did not impact DHFL's collections
* To sell DHFL wholesale loans over period of time
* Financial svcs business adequately capitalised
* To apply for deposit licence at appropriate time
* To add to branch network post arm merger with DHFL
* No plans to get into AMC business as of now
* Don't see DHFL litigations impacting merger

Source : Eureka