DHFL lenders want Piramal to shed merger clause from bid

Mumbai: Several lenders to DHFL believe that the Piramal bid for the failed mortgage company should be delinked from its proposed merger with a Piramal group entity. Banks have no objection to any plan by Piramal to merge DHFL with a group company once it succeeds in acquiring it. But, they do not want a merger plan to be a part of the bid.“What if a merger is delayed? To avoid uncertainty, the bid should not be connected to the proposed merger.