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Business

Adani Group emerges the frontrunner for DHFL

Updated : November 22, 2019 07:26 AM IST

Adani Group had shown interest even a few months ago in both the wholesale and the retail businesses

AION and Piramal have always been interested in the retail loan book of DHFL

A day after RBI superseded the board of debt-ridden DHFL, sources have indicated to CNBC-TV18 that the Adani Group could be a strong contender to take over the non-banking finance company.

While Apollo i.e. AION and Piramal were always interested in the retail loan book of DHFL, bankers have told CNBC-TV18 that Adani is the only buyer interested in the entire piece.

ALSO READ: RBI supersedes board of DHFL, appoints R Subramaniakumar as new administrator

Banking sources have also confirmed that the Adani Group had shown interest even a few months ago in both the wholesale and the retail businesses.

Others in the fray like Piramal and Apollo have only shown interest in the retail piece, according to sources in the know.

ALSO READ: DHFL may become the first NBFC to go under NCLT insolvency proceedings

Adani Capital's spokesperson declined to comment on CNBC-TV18's story.

SBI chairman Rajnish Kumar said he couldn't comment on specific contender names for DHFL but added that he expected many suitors.

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