Reliance Capital resolution: Final list of prospective resolution applicants released

BL Mumbai Bureau Updated - April 20, 2022 at 10:49 AM.

Adani Finserv, Brookfield Capital, Yes Bank, lndusind International Holdings, Piramal Consortium are amongst the 54 bidders who have made it to the final eligible list of prospective resolution applicants for Reliance Capital. The list was released by the RBI appointed Administrator of Reliance Capital.

“…the Administrator is required to issue a final list of eligible PRAs within 10 (ten) days from the date of receipt of objections, to the Committee of Creditors,” Reliance Capital said in a stock exchange filing.

Nageswara Rao, the Administrator of Reliance Capital, had on April 4 released the provisional list of prospective resolution applicants and had sought objections, if any, by April 9.

Others in the final PRA list include Authum Investment Infrastructure, Bandhan Financial Holdings, TPG Asia and Truenorth Fund.

The bids are for the options including Reliance Capital as a whole as well as various business clusters.

Published on April 20, 2022 05:08

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.