Tag: bidder

Dec152020 by adminNo Comments

Oaktree emerges highest bidder for DHFL; Kapil Wadhawan offers fresh proposal to repay 100% within 8 yrs

Finance

US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources. The committee of creditors had fixed December 14 as the last for submission of revised bids. According to the sources, Oaktree raised the bid to Rs 36,646 crore, including Rs 1,000 crore for insurance and Rs 3,000 crore of interest earned, while Piramal Enterprises offered Rs 35,550 crore, including Rs 300 for insurance and Rs 3,000 of interest earned.Let's block ads! (Why?) Banking/Finance-Industry-Economic Times

Oct212018 by adminNo Comments

Lockheed named preferred bidder for Canadian navy bid

Business

Oct. 19 (UPI) -- Lockheed Martin Canada could be the next company to shape up Canada's shipyard after winning a competition to design the next fleet of Royal Canadian Navy ships. A team of contractors led by Lockheed was announced Friday as the preferred bidder after presenting a BAE Type 26 design to the government of Canada and Irving Shipbuilders Inc. Now the team is one step closer to taking home a contract worth $ 60 billion. The next step in the bidding process will take place over the early months of 2019, when the Canadian government will examine the winning bidder's financial solvency and design proposal. During that time, Lockheed will go through the "due diligence" process, which includes negotiations with the company on intellectual property rights, an assessment of combat sys...