Pharma Billionaire Ajay Piramal Ups His Stake In Financial Services With $4.7 Billion Acquisition Of Bankrupt Mortgage Lender

Ajay Piramal’s pharma and financial services flagship Piramal Enterprises completed its $4.7 billion acquisition of Dewan Housing Finance Corporation Ltd (DHFL) on Wednesday, creating one of the largest affordable housing finance companies in the country.