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Amdavad News

Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its ₹33,000 crore takeover offer for collapsed housing lender Dewan Housing Finance Corp. Ltd (DHFL) and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the DHFL auction under insolvency process, the Adani Group said it has followed due process scrupulously and its “intent has always been to provide an unconditional offer and potential value maximization for all the stakeholders and ensuring an expeditious consummation of the process".....

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