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Page 2 - Reliance Capital News

NCLT gives interim relief to Torrent, puts Hinduja's RCap offer on hold

During the auction, Hinduja made an offer of Rs 8,110 crore, but raised it to Rs 9,000 crore and offered 100 per cent upfront cash to the lenders

NCLT gives interim relief to Torrent, puts Hinduja's RCap offer on hold
Updated On : 03 Jan 2023 | 8:32 PM IST

Hinduja sweetens offer for RCap to counter Torrent group's winning bid

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

Hinduja sweetens offer for RCap to counter Torrent group's winning bid
Updated On : 23 Dec 2022 | 7:14 PM IST

Torrent wins race to acquire RCap with Rs 8,640 crore offer to lenders

The Hinduja group also participated in today's auction but lost the race with a Rs 500 crore lower offer

Torrent wins race to acquire RCap with Rs 8,640 crore offer to lenders
Updated On : 21 Dec 2022 | 7:17 PM IST

Cosmea-Piramal consortium pulls out of Reliance Capital's bidding

With the exit of Cosmea-Piramal, there are now only three players left in the race -- Hinduja, Torrent, and Oaktree

Cosmea-Piramal consortium pulls out of Reliance Capital's bidding
Updated On : 20 Dec 2022 | 6:17 PM IST

CoC raises base price of Reliance Capital auction to Rs 6,500 crore

Auction to be held on two days, starting December 22

CoC raises base price of Reliance Capital auction to Rs 6,500 crore
Updated On : 13 Dec 2022 | 7:58 PM IST

RCap assets' e-auction to kick off on Dec 19; base bid at Rs 5,300 crore

This is the first time that an e-auction of this scale would take place for a debt resolution under the Insolvency and Bankruptcy Code, 2016

RCap assets' e-auction to kick off on Dec 19; base bid at Rs 5,300 crore
Updated On : 09 Dec 2022 | 8:41 PM IST

Eye on maximum value, lenders say no to Reliance Capital liquidation

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

Eye on maximum value, lenders say no to Reliance Capital liquidation
Updated On : 06 Dec 2022 | 8:39 PM IST

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call
Updated On : 05 Dec 2022 | 4:38 PM IST

Independent valuations 70% more than bankrupt Reliance Capital bids

In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on its loans worth Rs 24,000 crore

Independent valuations 70% more than bankrupt Reliance Capital bids
Updated On : 01 Dec 2022 | 8:05 PM IST

Hinduja group, Torrent, Piramal, Oaktree, bid for Reliance Capital

No takers for life and general insurance businesses of the bankrupt company, say sources

Hinduja group, Torrent, Piramal, Oaktree, bid for Reliance Capital
Updated On : 29 Nov 2022 | 2:34 PM IST

Swiss Challenge process on LIC's RCap debt sale fails to get rival bid

Final bids for Reliance Capital expected on Monday

Swiss Challenge process on LIC's RCap debt sale fails to get rival bid
Updated On : 27 Nov 2022 | 11:46 AM IST

Piramal, Zurich Insurance may bid separately for Reliance General Insurance

Piramal, Zurich Insurance may bid separately for Reliance General Insurance

Piramal, Zurich Insurance may bid separately for Reliance General Insurance
Updated On : 24 Nov 2022 | 4:01 PM IST

USA's Advent may leave race for Reliance Capital general insurance arm

PE firm previously submitted the highest non-binding bid for the business

USA's Advent may leave race for Reliance Capital general insurance arm
Updated On : 09 Nov 2022 | 5:31 PM IST

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

RCapital lenders meet ends in stalemate over key challenge mechanism issue
Updated On : 04 Nov 2022 | 5:11 PM IST

Loans to arms had Rs 1,755-crore impact on Reliance Capital in FY20: Audit

Nageswara Rao Y is the administrator of Reliance Capital

Loans to arms had Rs 1,755-crore impact on Reliance Capital in FY20: Audit
Updated On : 28 Oct 2022 | 11:29 PM IST

Administrator seeks RBI nod to restructure Reliance Capital into four CICs

Will help bidders for its insurance business to avoid Irdai's 5-year lock-in

Administrator seeks RBI nod to restructure Reliance Capital into four CICs
Updated On : 19 Oct 2022 | 3:49 PM IST

NCLT extends Reliance Capital debt resolution deadline to January

This is the third deadline extension as the lenders seek better offers from the bidders

NCLT extends Reliance Capital debt resolution deadline to January
Updated On : 18 Oct 2022 | 5:14 PM IST