Don’t let cartel derail bidding process for bankrupt DHFL, says Adani


Forfeiture of deposits from bidders who violate the auction process, according to Adani

The subjects
Adani Group | DHFL

Dev Chatterjee |
Bombay


Adani Group, in a communication to the administrator of the Dewan Housing Finance Corporation, said they have followed the due process of the auction and made the highest bid for the bankrupt housing finance company so that lenders get the highest value for the assets.

Saying they are ready to put more money on the table, the group said some of the rival bidders are preventing value maximization and their deposits should be forfeited for this. A loan source said the group’s letter dated November 22 indicated that its initial expression of interest (expression of interest) was only for the …

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First published: Fri 27 November 2020 06:05 IST


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