“As indicated earlier, Piramal separately put up bids for retail assets while Adani expressed interest for wholesale and slum rehabilitation project loans”, a senior executive, whose organization lent to the home financier, told ET.
Individual bid amounts are not yet known and expected to come out by noon today.
Adani and Piramal didn’t immediately reply to ET’s query. Oaktree declined to comment.
The administrator at Dewan Housing Finance (DHFL) has already sent formal letters to the four existing bidders of the troubled mortgage financier, seeking revised purchase offers for the fourth time. Potential buyers need to respond by December 14.
The central bank-appointed administrator is now focusing on regaining business normalcy at DHFL, which is seeking to treble disbursements, albeit on a very low base. In November, it disbursed an estimated Rs 35 crore of loans.
The company offers home loans at roughly 200-250 basis points higher than its peers, said a senior executive, who raised concerns about the increasing customer demands for what is known as “balance transfer”, or switching from one financier to another due to the rate arbitrage.
