Top
Begin typing your search above and press return to search.

DHFL COC seeks to oust Oaktree from bidding race

Banking sources reveal that some of the members of the Committee of Creditors (CoC) with large exposure

DHFL

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  4 Jan 2021 6:23 AM GMT

NEW DELHI/MUMBAI: Banking sources reveal that some of the members of the Committee of Creditors (CoC) with large exposure to DHFL, are seeking to oust Oaktree from the bidding race for DHFL assets. Interestingly, Oaktree has emerged as H1 with the highest bid of Rs 38,400 crore. However, at the instance of some of these lenders, the rules of the game are being changed again to favour Piramal Group. The bid evaluation criteria has been altered wrongly whereby Oaktree bid value will unfairly be suppressed by Rs 2,700 crore. (IANS)

Also Read: Punjab National Bank reports Rs 3,688 cr borrowal fraud by DHFL

Also Watch: Watch: Spine-chilling accident caught on camera, one woman dead



Next Story