DHFL CoC seeks readability from Oaktree Cap, Piramal Ent, clarifications sought by Dec 21, say sources
The Committee of Collectors (CoC) of Dewan Housing Finance Restricted (DHFL) held discussions with decision candidates in conferences held over two days, in keeping with sources conscious of the matter. The CoC evaluated the bids and sought clarifications from the bidders in conferences held on December 18 and December 19. The bidders have been requested to submit the clarifications by December 21, added the sources. Oaktree Capital and Piramal Enterprises are the highest two bidders with the best bids. Lenders have sought responses from Oaktree Capital on proposed holdback of Rs 1,500 crore and Piramal Enterprises for holdback of Rs 300 crore. Readability has additionally been sought on the proposed remedy of DHFL’s insurance coverage enterprise. The CoC is more likely to meet once more on December 23.