The tug of war for acquiring the lender firm DHFL is getting intensified with Piramal Capital and Housing Finance Ltd and Oaktree Capital Ltd sweetening their bids in the process. Piramal offered a total of Rs 38,250 crore to DHLF on December 24, competing with Oaktree’s commitment of Rs 36, 400 crore. According to the evaluation matrics of IBC, the committee of creditors found out Piramal Group’s total score to be 91 points on a scale of 100, while Oaktree scored 85 points.
Overview of DHLF bidding process till date
1 min read
Srushti Vaidya
Srushti Vaidya is a mass media student from Ramnarian Ruia Autonomous College, Mumbai. She holds interest in politics and wants to pursue her carrer in journalism. Contact her at vaidyasrushti19@gmail.com