InvestorQ : Is the issue of bidding for DHFL resolved? Why is there still a dispute between Oaktree and Piramal Enterprises in the bidding process?
Dawn Cherian made post

Is the issue of bidding for DHFL resolved? Why is there still a dispute between Oaktree and Piramal Enterprises in the bidding process?

Answer
image
Anu Biswas answered.
4 months ago
Follow

The war of words between Piramal Enterprises and Oaktree over the DHFL bid appears to be continuing unabated. Currently, both Oaktree and Piramal are claiming that their respective bids were the highest.


Currently, the Committee of Creditors or COC is examining each bid in detail on a plethora of qualitative and quantitative parameters. The final decision is expected by the middle of this month. Piramal has constantly maintained that its bid offers lenders the highest upfront cash recovery. They are awaiting the final decision from the COC.

Oaktree has meanwhile claimed that its revised bid for DHFL was unconditional with a commitment of fresh capital infusion of Rs.1000 crore. Piramal is of the view that they have a better strategy approach to handle the insurance business. Final decision is awaited
1 Views