Adani likely to enhance DHFL bid, may vie for entire portfolio

Mumbai, Nov 14 : Adani Group has offered to further enhance its bid for the Dewan Housing Finance Corporation Ltd (DHFL) and has shown interest in bidding for the entire portfolio of the bankrupt company.
According to sources, Adani Group representatives had a meeting with the lenders on Friday on the matter wherein they offered to pay more the bidding amount pegged by Oaktree, the highest bidder so far. The company has also written to the lenders — Committee of Creditors (CoC) — on the same.
The company is likely to submit a revised bid in the next couple of days, said people in the know.
Oaktree has offered a revised bidding price of Rs 33,000 crore for the entire portfolio of DHFL. Now, Adani is ready to shell out Rs 250-300 crore more, compared to the offer by Oaktree, people in the know said.
So far, Adani had proposed to bid for the wholesale and Slum Rehabilitation Authority (SRA) asset portfolio. Earlier this week, it had revised its bid for the two portfolios to Rs 3,000 crore, as against the earlier bid of Rs 2,250 crore.
However, now it wants to go for the entire portfolio of DHFL, including the retail segment.