Six entities have evinced an interest in acquiring troubled Dewan Housing Finance Corporation Limited (NSEI:DHFL)'s stake in Pramerica Life Insurance Company Limited, said a person aware of the matter. Vijay Shekhar Sharma's Paytm E-Commerce Pvt. Ltd, Sachin Bansal-led Navi Technologies Private Limited are among those who have submitted expressions of interest (EOIs).

US-based distressed asset fund Oaktree Capital Management, L.P. and Piramal Enterprises Limited (BSE:500302) (Piramal Group), who submitted bids for DHFL under the Insolvency and Bankruptcy Code, have also shown interest in acquiring the insurance business, added the person. Two UK-based firms also submitted EOIs for the stake, but their names could not be confirmed immediately. Pramerica Life Insurance is a joint venture between DHFL's wholly-owned subsidiary and Prudential International Insurance Holdings, Ltd. (PIIH).

"The process to sell the insurance company will run in parallel. Banks are hopeful of recovering about INR 7.00-8.00 Billion by selling DHFL's stake in the life insurance business," said the person cited earlier. Mint is awaiting response from the bidders mentioned above.