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Lenders trash low loan recovery, ask Oaktree, Piramal to up offers for DHFL

Few banks may look at acquiring bankrupt housing finance company's retail book.

DHFL
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Dewan Housing Finance

Dev Chatterjee Mumbai
The lenders to DHFL on Monday asked the four bidders to sweeten their offers for the bankrupt housing finance company after all of them -- Oaktree, Piramal, Adani, and SC Lowy -- made their presentations before them.

Some banks were of the opinion that the lenders should themselves acquire the books of DHFL because the offers were not attractive and all should be rejected.

The Indian lenders, who have an exposure of Rs 88,000 crore to DHFL, are not happy with the offers with most of the bidders adding Rs 12,000 crore -- currently in DHFL’s cash chest -- to their offers.

While

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First Published: Oct 26 2020 | 6:32 PM IST

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