German Dry Docks AG has approached the lenders of Bharati Defence And Infrastructure Limited (BSE:532609) for a possible acquisition, pegging its enterprise value at around $370 million. Bharati Defence has also seen interest from suitors looking at picking up individual docks in the east and the west, people with direct knowledge of the development said. "A proposal has come to the lenders from the German company along with a Hong Kong-based private equity fund to acquire the company. The initial interest pegs the company's enterprise value at around INR 24 billion INR 25 billion," said a person with knowledge of the proposal. "The German company has begun its due diligence and will submit a final bid after that," said the person.