Oaktree and Torrent have requested to extend the deadline for the bid submission, from the current November 28 to December 16, while Piramal and Zurich want the last date for submitting the binding bids to be extended to December 23.
According to sources, Piramal Finance has sought extension by 12 weeks, while Advent has sought time till January 30, 2023, i.e., 16 weeks extension for submission of binding bid.
In its last meeting on October 26, COC had asked all the four bidders to revise their bids as their bids were too low.
