Oaktree Capital, Piramal group trade charges over bids for bankrupt DHFL

US firm says its offer is better, warns of legal action

Upping the ante, Oaktree Capital and the Piramal group have drawn the attention of the lenders to bankrupt housing finance firm DHFL that the offer submitted by the other firm is legally flawed and could eventually be challenged in court. Voting on the proposals submitted by the bidders will conclude on January 14. 

While Piramal has scored nine points higher than Oaktree across the six qualitative and quantitative parameters set by the committee of creditors (CoC), the US firm said its offer was being undervalued by Rs 2,700 crore by the lenders, giving an upper hand to Piramal. This includes Rs