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Apollo Cap, Cerberus too eye DHFL stake: reports 

Nov 28, 2019 15:26 IST

According to reports, private equity firms Apollo Capital and Cerberus are also competing with the Adanis for a stake in DHFL. 

As part of the capital restructuring, the promoters will bring down their stake from 40 per cent to 19 per cent. The new investor will buy 26 per cent by way of fresh issuance of shares.

Due-diligence is currently on, while the RBI is working on referring the company to NCLT soon.

 

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