According to the media reports, at least twenty four suitors submitted an Expression of Interest (EOI) to acquire troubled mortgage lender DHFL under the Insolvency & Bankruptcy Code, hours before the deadline for submission for EOIs at midnight on 17 February.
Adani Group, KKR, Bain Capital, Kotak Mahindra Bank and Piramal Enterprises are reportedly among the entities that have put in bids for DHFL. The reports added that out of the interested entities, at least 14 are keen to take over the whole operations of the mortgage lender.
In November, the Reserve Bank of India referred DHFL to the National Company Law Tribunal (NCLT) for insolvency proceedings.
Meanwhile, the S&P BSE Sensex was down 405 points or 0.99% to 40650.22.
Shares of DHFL hit a high of Rs 10.34 and a low of Rs 9.87 so far during the day. It hit a 52-week high of Rs 176.4 on 16 Apr 2019. The stock hit a 52-week low of Rs 9.41 on 14 Feb 2020.
