The scrip climbed 10 per cent to Rs 13.87, while the benchmark BSE Sensex was up 291 points, or 0.73 per cent, up at 40,274.
Besides, sources told the news agency that the US-based Oaktree and Hong Kong-based SC Lowy submitted bids for DHFL on October 17, the last date to submit final bids.
DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.
The report further added that Oaktree has submitted a bid for the entire company and the bid value is Rs 20,000 crore as against the admitted liability of Rs 95,000 crore with Rs 10,000 crore cash in hand.
Therefore, sources said, accepting Oaktree bid would result in a write-off of Rs 65,000 crore for the lenders led by State Bank of India (SBI).
Adani Group has bid for DHFL’s Rs 40,000-crore wholesale and Slum Rehabilitation Authority (SRA) portfolio, valuing it at Rs 3,000 crore, PTI report said quoting sources.
Piramal Enterprises has bid for DHFL’s retail portfolio. It has quoted Rs 12,000 crore for the business and is asking for 18 per cent yield on this portfolio.
SBI is the lead banker with an exposure of over Rs 10,000 crore to DHFL, while LIC and EPFO will also have to write-off nearly Rs 10,000 crore.
As of July 2019, the company owed Rs 83,873 crore to banks, the National Housing Board, mutual funds and bondholders.
DHFL was sent to bankruptcy after the government on November 15, 2019 enabled the central bank to sent large financial services companies, excluding banks, to NCLT for insolvency proceedings.