DHFL may soon be of Piramal Ent. According to reports, Piramal Ent has offered the company better upfront cash. Giving more details on this news, CNBC-Awaaz’s Yatin Mota said that Piramal Ent has offered an upfront cash of Rs 1000 crore. Piramal Ent has offered better upfront cash for DHFL than Oak Tree.
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Explain that no foreign company can take part of DHFL in insurance business. This condition may make it difficult for Oak Tree to buy part of DHFL. Experts say that Piramal’s bid for DHFL is the best, it will be in the interest of shareholders.
Pirmal has bid for DHFL as Going Concern. This means that after this purchase all the liabilities of the DHFL book and other expenses will come on Pirmal’s book. DHFL’s retail loan may increase by going to Pirmal. DHFL will benefit from Piramal’s experience.
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Looking at how many bids were made in DHFL, Piramal has made a bid of Rs 35,500 crore for DHFL. At the same time, Oaktree has bid 34,000 crores. At the same time, Adani has bid for 33,000 crores.
