In its revised offer, American alternative investment firm Oaktree Capital raised its bid for the entire book of the HFC from Rs 28,000 crore to Rs 31,000 crore, whilst the Piramal Group has increased its bid by Rs 9,000 crore from its previous bid of Rs 15,000 crore. Notably, Oaktree Capital and the Piramal Group’s bids further include a Rs 10,000-crore cash component to be added to the HFC’s book.
As part of its revised bit, Adani Properties also offered Rs 2,700 crore for DHFL’s wholesale book, from Rs 2,200 crore – whilst also offering Rs 50 crore for the HFC’s Slum Rehabilitation Area (SRA) book. Hong Kong-based banking group SC Lowy has also submitted a revised bid of Rs 2,300 crore for DHFL’s wholesale book, increasing its bid by Rs 750 crore.Various reports suggest that Oaktree Capital, Piramal Enterprises and SC Lowy have also threatened a walk-out from the DHFL book if the Adani Properties bid, which was made on a last minute basis, would be considered. A source told ETNOW that a decision on the offer made by Adani Properties would be taken only after bids were opened and evaluated.