RBI appointed administrators of Dewan Housing Finance Tuesday invited bids from interested parties, which are keen to own the company’s different assets.
They issued public notice to sell assets of embattled home financiers in four different categories: Whole company, retail assets, builders’ loans or wholesale assets and slum rehabilitation projects.
The last date for submitting bids has been set at February 17. Financial creditors have set the terms for the same.
Eligible strategic bidders are mandated to meet a minimum net worth parameter. An entity seeking to bid for the whole company should have minimum net worth of Rs 3,500 crore. It is the same for retail assets.
An entity can bid to buy the company as a whole or in parts.
While the requirement is less than half at Rs 1,500 crore for wholesale loans, smaller players with just Rs 500 crore networth can bid for slum rehabilitation projects.
