InvestorQ : What is the latest on the bidding for the assets of Dewan Housing at the NCLT?
Aashna Tripathi made post

What is the latest on the bidding for the assets of Dewan Housing at the NCLT?

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Aditi Sharma answered.
2 months ago
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At end of the second round of bidding for the assets of Dewan Housing, Oaktree Capital has emerged the highest bidder, though the details are yet to be confirmed. Apparently, Oaktree Capital bid Rs.32,700 crore for the assets followed by Piramal at Rs.32,350 crore. Adani emerged the third best bidder at Rs.29,860 crore.

The above three bids were for the entire book of DHFL, even as the fourth bidder SC Lowy did not submit a revised bid. There had been objections to Adani intervening as a bidder after the deadline but that has already been clarified. Anyways, that should not be an issue any longer as Adani is not the lowest bidder for the assets of DHFL.

It may be recollected that originally, Adani had only bid for the wholesale assets of DHFL and the Slum Rehabilitation Area or the SRA project. Now they have bid for the full book of Dewan. Incidentally, Wadhawan has offered to pay Rs.43,000 crore for the assets of DHFL, but the COC is not inclined to consider that offer.

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