Oaktree questions DHFL bidding sanctity
Synopsis
December 14 will see the opening of bids submitted by that day and by the earlier November 17 deadline. This will add to the confusion, Oaktree believes.
Mumbai: With two of its past bids having been rendered fruitless, Oaktree Capital Management has written to the committee of creditors (CoC) of troubled mortgage lender Dewan Housing Finance Corp Ltd (DHFL) and the Reserve Bank of India (RBI), questioning the sanctity of the December 14 deadline, chosen as the deadline for a fourth round. Oaktree also said “breaches in confidentiality” add to uncertainty and pointed to the necessity of a “fair,
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