Oaktree Capital And Piramal Lock Horns Over DHFL As Bidding War Escalates

DHFL Bids: After Oaktree Capital, now Piramal Group raises issue with creditors.

DHFL building in Mumbai. (Photo: BloombergQuint) 
DHFL building in Mumbai. (Photo: BloombergQuint) 
Piramal Group has urged financial creditors to Dewan Housing Finance Corp. to not consider Oaktree Capital Management’s amendments in offer for assets owned by the stressed home financier, failing which the bidding process would be open for litigation, according to three people aware of the matter.The financial creditors are expected to open up the bids for voting this week as their scoring is now complete. Piramal Group’s offer has ...
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