Forfeit deposits of bidders who are vitiating auction process, says Adani
Piramal group did not share the password of the email containing its third round of offers as it was worried about information leak.
In the past seven days, GE Power has rallied 80 per cent from its multi-year low of Rs 177.
Piramal had revised, in the second round, its bid to Rs 25,000 crore for the retail books. That includes deferred payments in seven years with interest worth Rs 3,000 crore.
According to report, Adani Group has offered to further enhance its bid for the DHFL and has shown interest in bidding for the entire portfolio of the bankrupt company
From claims of India directly purchasing vaccine from Moderna and distributing it here to PM Modi seeking funding, Business Standard brings you the top headlines of the day
Revised offer by Piramal not opened till going to press; Oaktree retains its offer at Rs 31,000 cr, Adani remains highest bidder
Listen to the podcast to know about the latest row over DHFL bid
Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them
The company is likely to submit a revised bid in the next couple of days, said people in the know
The company is expected to submit the same by month end
Offer includes deferred payment, cash with HFC
The Election Commission says counting of votes will take longer than usual in Bihar.
Offers turn conservative as buyers rule out paying premium, say deals will be delayed by a year if sellers want value; banks aren't getting even 15% dues in the case of DHFL
Last week, Videocon's Venugopal Dhoot and DHFL's Kapil Wadhawan offered to pay to pull their firms out of insolvency process
Few banks may look at acquiring bankrupt housing finance company's retail book.
DHFL was the first finance company to be referred to the NCLT by the RBI using special powers under Section 227.
From lenders planning to seek fresh bids for DHFL to BJP's free Covid-19 vaccine poll promise in Bihar, here are top headlines this morning
63 Moons had filed civil and criminal cases against DHFL and Wadhawans, accusing them of fraud and siphoning off money
Banks to first ask current bidders to sweeten offers