Not enthused by current offers, lenders may seek fresh bids for DHFL

Banks to first ask current bidders to sweeten offers

The lenders to Dewan Housing Finance Corporation (DHFL), which is facing bankruptcy proceedings, are not enthused by the offers made by Oaktree, Piramal Group, Adani Group, and SC Lowy for acquiring the company or its portfolios, and have called the bidders for further negotiations next week.

Unless the bidders sweeten their offers, the lenders will reject them on grounds of their being “too unattractive”, said a source close to the development.

While US-based asset management firm Oaktree has made an offer to take over the entire company for Rs 20,000 crore (including Rs 8,000 crore in deferred payment with interest), Piramal has