Adani Transmission share price gained as much as 6.37 per cent to hit 52-week high of Rs 924.40 on acquisition of Warora-Kurnool Transmission Limited (WKTL) from Essel Infraprojects Limited

Crisis-ridden DHFL said during this quarter, additional transaction amounting to Rs 1,039.84 crore has been identified and reported by the company to stock exchanges and National Housing Bank (NHB)

The decision runs counter to Maharashtra's business-friendly reputation, a GM spokesman said in a statement

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Dewan Housing Finance Corp share rose 4.96% to Rs 27.50 against previous close of Rs 26.20 on BSE

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital

The top two highest bidders for Dewan Housing Finance Corporation (DHFL) -- the US-based Oaktree and Ajay Piramal-led Piramal Group -- are now engaged in a war of words publicly

The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share

Oaktree Capital and Piramal Capital & Housing Finance have emerged as top bidders in fourth round, trumping Adani Properties that entered via a lateral entry in third round. CoC will likely go with one promising higher upfront cash

All three rival bidders had cried foul over Adani's bid earlier, saying the group had submitted the bid past the deadline and sought disqualification of Adani

Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation

Tata group, Reliance Industries, Adani Group, JSW and Vedanta are among others in race for lucrative assets, including start-ups

Now, the bidders will have an option to either submit a fresh bid or continue with November 17 bid. Additionally, DHFL's creditors have also given the freedom to bid either for a portion of the loan book or for the entire portfolio

Adani Group said, \"It was pained at some bidders resorting to media to sensationalise issues with an aim to prevent value maximisation for the lenders and depositors\"

Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

DHFL share price rose nearly 5% to Rs 11.39 in early trade compared to the previous close of Rs 10.85 on BSE. Market capitalisation of the housing finance stock currently stands at Rs 357.44 crore.

Share Market Update: BSE 30-share S&P Sensex ended 152 points lower at 41,170 and NSE 50-share index Nifty50 closed 45 points lower at 12,080.

RITES shares opened lower Friday and later declined 3.43% to touch an intraday low of Rs 295.35 on the Bombay Stock Exchange, against the last closing price of 305.85