The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts
These bids are in the range of Rs 4,000 crore for the company, which has eight different business verticals, the sources said
Reliance Capital has eight businesses that are on the block. These include general insurance, life insurance, health insurance, securities business and asset reconstruction, among others
Reliance Infrastructure said the arbitration claim, filed before the Mumbai Centre for International Arbitration (MCIA), is over what is described as the breach of terms of its December 2017 share purchase agreement with...
But the rivalry between the two politically well-connected Gujarati businessmen will not yet see a full-blown market clash despite overlaps
RCL had offered two options to all the bidders. Under the first option, companies could bid for Reliance Capital, including its eight subsidiaries or clusters. The second option gave the company freedom to bid for its...
Varde Partners is a leading global alternative investment firm specializing in credit and credit-related assets
Multiple bidders for subsidiaries under the second option will be forced to form a consortium amongst themselves and bid for RCL as a company.
Key clusters of RCL are Reliance General Insurance, Reliance Health Insurance, Reliance Nippon Life Insurance, Reliance Asset Reconstruction, and Reliance...
The last date for submission of bids for the debt-ridden firm had been extended to March 25 from March 11 earlier by the Reserve Bank-appointed administrator.
Sebi in February barred Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off...
Capital markets regulator Sebi had on February 11 issued an interim order cum showcause notice against Ambani and Amit Bapna, ex-chief financial officer of the...
The amount of loans disbursed by RHFL under General Purpose Corporate Loans (GPC loans) increased exponentially from around Rs 900 crore as on March 31, 2018...
The apex court on September 9 had upheld the 2017 arbitration award enforceable against DMRC and said there was a disturbing tendency of courts setting aside...
