Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt mortgage lender Dewan Housing Finance (DHFL) and its adviser EY to buy the company’s entire retail portfolio worth Rs 32,000 crore.
The Shriram Group, Edelweiss Financial Services, Adani Capital, a consortium led by the Piramal Group-Bain Capital and Indostar Capital are among those that have shown interest in buying the portfolio. Morgan Stanley, Goldman Sachs and Deutsche Bank are the foreign banks in the race along with private equity funds such as Warburg Pincus, AION Capital, Lone Star and SSG Capital. Local asset reconstruction company Arcil may also participate.
The winner is also expected to bag multiple real estate properties owned by DHFL, including 18 retail branches, multiple floors in the TCG Financial Centre and HDIL Towers in suburban Mumbai.