DHFL-Oaktree deal may not fructify till lenders clear resolution plan

After months of negotiations between Dewan Housing Finance Corporation (DHFL) and US-based private equity (PE) firm Oaktree Capital — a specialist in buying out stressed assets —  the deal to acquire DHFL’s wholesale loan portfolio of over Rs 35,000 crore by Oaktree may not fructify, said a source close to the development.

“The PE firm is unlikely to budge on the deal until the resolution plan is finalised and implemented by the lenders,” says a person aware of the development. 

The lenders consortium, led by Union Bank of India, which is in the process of finalising a resolution plan, is hesitant to