Piramal revises offer for DHFL's retail book to counter Adani bid

Revised offer by Piramal not opened till going to press; Oaktree retains its offer at Rs 31,000 cr, Adani remains highest bidder

The Piramal group revised its offer for Dewan Housing Finance Corporation’s (DHFL’s) retail book on Tuesday.

Oaktree Capital, which had last week revised its offer for all assets of DHFL to Rs 31,000 crore, did not make any further revision.

With this, the Adani group remains the highest bidder for all assets of DHFL, with its bid of Rs 31,250 crore. Piramal’s revised bid — for only the retail book — was not disclosed at the time of going to press.

Its offer of Rs 25,000 crore, submitted last week, failed to enthuse lenders as a major portion was to be given in