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Distress test

25 November 2020 By Una Galani

Tycoon Gautam Adani narrowly outbid U.S.-based Oaktree with a $4 bln bid for insolvent housing lender DHFL. The offer, however, was submitted late and cheekily expanded on its original plan. It’s the second time the industrialist has blindsided foreign buyers in a worrying trend.

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