Powered by

DHFL lenders plan fresh bids with revised terms

Nov 26, 2020 - The Economic Times
Mergers and Acquisitions

Mumbai: Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have decided to call a fresh round of bids for the troubled mortgage company, scrapping offers submitted last week, said several people with knowledge of the matter. This follows a late, unexpected offer by the Adani Group for DHFL in its entirety that angered the bidders that had already submitted their resolution plans by the deadline.The decision to hold another round was taken by the committee of creditors (CoC) led by State Bank of I...