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Adani Enterprises is likely to bid for entire DHFL portfolio

Adani Enterprises wrote to the Creditors Committee (CoC) of Dewan Housing Finance Corp. Ltd (DHFL), expressing interest in bidding for the ailing company’s entire portfolio, according to two people familiar with the matter.The company suggested a bid price which is Rs 250 crore more than Oaktree’s offer and informed the CoC that they plan to submit the resolution plan next week, the two said.

The Adani Group also sent out a revised offer for the Slum Wholesale and Rehabilitation (SRA) book. The company, which had made an offer of Rs 2300 crore for the wallet, has now taken it to Rs 2800 crore. This forced the CdC to seek new bids from all contenders in the second round of bidding by Tuesday, according to the two people cited earlier.

News source ~ The Bharat