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Oaktree Capital writes to DHFL lenders urging fair treatment


Oaktree urges lenders of DHFL to treat its bid fairly
Oaktree, the highest bidder for DHFL, also expressed concerns over an opaque resolution process. Reuters
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Oaktree Capital, which is in a tight race to acquire Dewan Housing Finance Limited ( DHFL) has written to the lenders of the mortgage financier urging fair treatment in the evaluation process of its bid. In a letter to DHFL’s Committee of creditors ( CoC), a copy of which was reviewed by Mint, Oaktree cautioned the creditors against being discriminated against due to its foreign credentials. US headquartered Oaktree which manages over $120 billion in alternative investment funds alleged that it has been subjected to a systematic campaign by vested interest groups to undermine its bid to acquire DHFL which has received competing bids from Piramal Capital and Adani Group. A fourth bidder SC Lowy, a Hong Kong headquartered stressed assets investor backed out of the race ....

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