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Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report

Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are planning to negotiate the offer higher and would hold discussions with the bidders over this week

October 19, 2020 / 03:51 PM IST
 
 
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US-based asset management firm Oaktree Capital has offered to buy offered to buy Dewan Housing Finance Corporation Limited’s (DHFL) entire book for a total of Rs 28,000 crore, CNBC-TV18 reported on October 19.

"Banks are keen to sell the entire book, instead of selling it in parts. Oaktree is the only bidder for that category and banks will seriously consider the proposal," CNBC-TV18 quoted senior banking executive with a large public sector bank as saying.

Oaktree Capital along with Adani Properties, Hong Kong-based SC Lowy and Piramal Enterprises has submitted a bid for DHFL as the deadline expired on October 17.

Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are mulling to negotiate the offer higher and would hold discussions with the bidders over this week.