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Lenders to debt-ridden DHFL set to seek consensus on final offers

Piramal had revised, in the second round, its bid to Rs 25,000 crore for the retail books. That includes deferred payments in seven years with interest worth Rs 3,000 crore.


DHFL owns 49 per cent in Pramerica Life Insurance while the rest is owned by its foreign partner.

Dev Chatterjee Mumbai
The lenders to Dewan Housing Finance Ltd (DHFL) have received four revised bids for the company, for the whole or part of it, but they have not yet opened the offers and are seeking a consensus on the process.

A notice by the company to the stock exchange has said the committee of creditors (CoC) has received an email from a bidder with attachments, which have not yet been opened.

A banking source said Piramal Enterprises sent the email containing the revised password-protected offer because it did not want any information to be let out.

“The Administrator has ... received an email with

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First Published: Nov 20 2020 | 6:05 AM IST

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