SBI” Another Bidding Round for DHFL

Backed by the value maximisation experience during Binani Cement's sale to Ultratech, the State Bank of India, which has the largest exposure to bankrupt Dewan Housing Finance Corporation (DHFL), has decided to back yet another round of bidding for the housing finance company so that the asset's value can be maximised. The SBI representative said in the CoC (committee of creditors) meeting that all the bids received till now needs to be opened and a final round of bidding also needs to be done -- subject to CoC's approval.