Adani Group’s bid gives maximum to lenders, says DHFL

In October, Adani Group along with Piramal Group, US based company Oaktree Capital Management and SC Lowy had submitted bids for collapsed housing lender DHFL. Initially, Adani Group had only bid for DHFL’s wholesale and Slum Rehabilitation Authority portfolio. On November 17, it submitted a revised offer bidding for the entire book with a total of Rs.33,000 crore. The rival bidders want Adani out of the list for allegedly missing the deadline.