26-April-2024
Corporate News
 
Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race
28-Nov-2020

Billionaire Gautam Adani’s roads-to-mining group outbid US-based Oaktree with a Rs 33,000 crore bid for collapsed housing lender, DHFL, but rival bidders want it out of the race for allegedly missing the deadline – a charge Adani Group denies saying it followed due process and the “cartel” wants to prevent value maximisation. Four entities – Adani Group, Piramal Group, US-based asset management company Oaktree Capital Management and SC Lowy – submitted bids for DHFL in October, sources with DHFL lenders and industry said.

News Source:- https://www.financialexpress.com/industry/banking-finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/2138181/