#NIFTY50#PEL
Piramal.. recomended@1409..few days back
Reasons..DHFL strong contender.and glass division sale
Update on progress of bid
Piramal ..bid for DHFL...voting going on..let's see who have advantages......
1.DHFL administrator has scored Piramal bid 9 points higher than that of Oaktree Capital, based on various evaluation parameters, however
Final decision will depend on the ongoing voting by the Committee of Creditors,
2. sources close to the development said Piramal’s overall score, based on these parameters, is understood to be 94, while Oaktree’s bid has scored 85 points
3.in terms of the quantitative parameters, Piramal has a score of 79 points, while Oaktree has a score of 70 points.
4.Piramal is understood to be ahead in at least two of the parameters, including upfront cash recovery to creditors and fresh capital infusion.
5. Oaktree has a marginally higher score in the criteria of net present value of cash recovery to creditors, which has the highest weightage in the scoring
6.Adani Group’s bid is understood to have a total score of 79 and a quantitative score of 64.
7.piramal is understood to be ahead in at least two of the parameters, including upfront cash recovery to creditors and fresh capital infusion. Oaktree has a marginally higher score in the criteria of net present value of cash recovery to creditors, which has the highest weightage in the scoring.
7.it is expected that the winning bid will be decided January 14. A new owner for DHFL is likely to be announced towards the end of this month.