Highlights of comments by Piramal Enterprises on Dewan Housing buyout

                                   ===============

* 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

=======================

* 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