Sunday, October 25, 2020
News

Adani, Piramal among bidders for bankrupt DHFL

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Monday, 2020 3:15:06 AM IST
Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-headquartered SC Lowy have submitted their bids for the insolvent Dewan Housing Finance Corporation Ltd (DHFL), sources said.

The deadline to submit bids for DHFL ended on Saturday.

According to sources, Adani Group has bid for the wholesale and slum rehabilitation authority portfolio. Piramal Enterprises, on the other hand, has bid for its retail business.

Further, Oaktree has submitted a resolution proposal for the entire company with a bid value of Rs 20,000 crore.

The admitted debt of the insolvent NBFC is over Rs 90,000 crore.

In November last year, the Reserve Bank of India referred DHFL for bankruptcy under the Insolvency and Bankruptcy Code at the National Company Law Tribunal (NCLT). Its resolution is now underway at the Mumbai bench of NCLT.

--IANS rrb/sn/vd

( 143 Words)

2020-10-18-21:30:06 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Govt extends GST return filing deadline ...
'IBC raised confidence of all investors ...
Centre procured over Rs 59-cr Kharif cro...
Tata Motors reaches 4 mn passenger vehic...
Refuel demand to attract private investm...
Bronchiofly, an ayurvedic cough syrup fr...
More...
 
INDIA WORLD ASIA
'Lalu Yadav performed tantric rituals to...
Give cash relief to Delhi's 72 lakh rati...
Indian defence forces, govt, people resp...
Onion prices soar in Rajkot amid supply ...
Hindutva is the essence of this nation: ...
Shivraj Singh Chouhan not even worth dus...
More...    
 
 Top Stories
Adele sings on 'Saturday Night Live... 
'Saturday Night Live' ropes in John... 
Nigeria deploys 'all police resourc... 
Taxi driver who drove Malinga aroun... 
PM Modi urges people to observe fes... 
J-K Light Infantry Regiment (JKLI) ... 
Stats aren't so important to me: Le... 
Congress leader's close associate a...