Oaktree hikes DHFL bid, Piramal still in race

US-based private equity fund manager Oaktree Capital has hiked its bid for DHFL by Rs 1,700 crore, resulting in a net present value of total recovery for lenders at Rs 36,410 crore. Sources close to the US firm said that the increase makes it the highest bidder. Second-highest bidder Piramal Group is also understood to have revised its offer by an identical amount.

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