Tue, Feb 27, 2024
The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. A detailed order in the matter is expected later in the day.
More >
Mon, Apr 03, 2023
For a fresh round of bidding, the CoC decided to set the base bid at Rs 9,500 crore on a Net Present Value basis, with a minimum cash component of Rs 8,000 crore. The second round of auction will take place even as the Supreme Court has fixed the next date for hearing on the RCap matter in August.
Thu, Mar 02, 2023
A two-member bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and call for a higher bid.
Sun, Nov 20, 2022
A source close to the development revealed that Nippon Life - Japan has communicated its resentment and reservations to the RCAP Administrator, Aditya Birla Sun Life and its foreign partner, Sun Life Financial Inc.
Sun, Sep 11, 2022
There are other bidders also who have sought a similar extension of timeline for filing of binding bids. IndusInd has sought 10 weeks extension, Oaktree has asked for 12 weeks and Zurich has requested for 8 weeks extension.
Sun, Jul 31, 2022
Reliance Capital resolution process: The deadline for the submission of Resolution Plan for Reliance Capital (RCAP) is likely to be extended yet again as bidders seek more time to complete the due diligence process.
Fri, Jun 17, 2022
Reliance Capital Committee of Creditors (COC) in its meeting on Thursday decided to extend the Resolution Process timeline by another two months to November 2, 2022.
Sun, Apr 24, 2022
Lenders of debt-ridden Reliance Capital Ltd (RCL) are likely to share the Request For Resolution Plan (RFRP) document with bidders by Wednesday or Thursday and bids with a high upfront cash payment component will get the maximum score as a part of the resolution process, sources said.
Wed, Apr 13, 2022
The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies which have submitted Expression of Interest (EoI) for the submission of financial bids
Amid a standoff over the bidding process for debt-ridden Reliance Capital Ltd (RCL) and its subsidiaries, lenders have rejected the concerns raised by the RBI-appointed administrator and have decided to go ahead with their own proposal, an unprecedented development under the insolvency proceedings, sources said.
Sun, Apr 10, 2022
As many as 54 bids were received for the resolution of RCL and its multiple subsidiaries as of March 25, which was the last date for submission of Expressions of Interest (EoI).
Wed, Apr 06, 2022
Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said.
Sun, Mar 27, 2022
Other bidders include Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, OakTree Capital, Blackstone, Brookfield, TPG, KKR, Piramal Finance and Poonawala Finance, sources said.
Mon, Dec 06, 2021
Reliance Capital has welcomed the Reserve Bank of India’s application of referring the company to the National Company Law Tribunal (NCLT) under Section 227 for a fast-track resolution
Thu, Dec 02, 2021
RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal
Tue, Nov 30, 2021
The stock tanked 4.99 per cent to its lower circuit limit of Rs 18.10 on both the BSE and NSE.
Mon, Nov 29, 2021
India’s central bank said on Monday it will initiate bankruptcy proceedings against Reliance Capital Ltd and superseded the non-banking financial company’s board on governance concerns.
Sun, Jun 20, 2021
The market capitalisation of Anil Ambani-led Reliance Group has surged by over 1000% in less than 3 months
Sat, Jun 19, 2021
Anil Dhirubhai Ambani Group or ADAG group shares: The shares of Anil Dhirubhai Ambani Group or ADAG group have been performing exceptionally well for the past few months.
Thu, Jun 10, 2021
Reliance Commercial Finance Limited (RCF) – a 100 per cent subsidiary of Reliance Capital Limited (RCAP) is into its final stages of debt resolution, Zee Business’ Brajesh Kumar Mishra reported citing his sources. RCF has a debt of Rs 9,017 cr
Mon, Sep 30, 2019
As part of its transformation process, Reliance Capital will exit its lending businesses. Addressing the company`s AGM, Reliance Group Chairman Anil Ambani on Monday said: "As part of the transformation process, Reliance Capital will no longer be in the lending businesses."
This selloff has been triggered by the FIIs profit booking. Stock market investors should not take Bank Nifty selloff as crash, say experts.
IRCTC, Lakshmi Vilas bank/Indiabulls Housing Finance, DHFL, Cipla and Reliance Nippon Life AMC/Reliance Capital are the stocks that are expected to remain in focus on September 30.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
