Brookfield will work with Reliance to explore avenues of direct capital investment and evaluate setting up operations in Australia to make or assemble renewable energy equipment and supply, the company said in a statement
IndusInd Bank's net advances increased 21 per cent to Rs 3,01,041 crore in the quarter ended June 2023, compared to Rs 2,47,960 crore in the corresponding quarter last year
Hinduja Group’s Indusind International Holdings Ltd (IIHL) submitted a comprehensive plan that was presented to Reliance Capital lenders on Friday
With this capital raise, RGICL is reinforcing its commitment to financial strength and readiness to capitalize on emerging opportunities in the insurance sector, the company said in a statement
As much as 99 per cent votes were in favour of IIHL as lenders expected to recover cash upfront of Rs 9,661 crore from the Hinduja Group entity, sources said.
The company posted a net loss of Rs 4,249 crore in the January-March quarter of the last fiscal.
The financial services firm under the debt resolution process had a net loss of Rs 491 crore in the corresponding quarter of 2022-23
Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under IBC
Both the potential bidders, Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group, have expressed multiple reservations on the...
Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under IBC
Considering the fact that the second round of auction is yet to take place, it is not possible to wrap up the resolution process within the current deadline.
The NCLAT order dated March 2, 2023, provides an option of auction or negotiation to lenders, which will be subject to its final order of the SC
The insolvency process of Reliance Capital (RCAP) has been going on for more than 450 days, which is much longer than the statutory time limit of 330 days
The insolvency process of RCAP has been going on for more than 450 days, which is much longer than the statutory time limit of 330 days
As per the rules of the extended challenge mechanism, the minimum threshold or the bid starting value has been pegged at Rs 9,500 crore, with the subsequent...
The Mumbai bench of the NCLT (National Company Law Tribunal), on February 2, had said the challenge mechanism for financial bids stood concluded as on December...
Lenders of Anil Ambani-promoted Reliance Capital had moved the NCLAT (National Company Law Appellate Tribunal) challenging an order of the NCLT which...
On February 2, the Mumbai bench of National Company Law Tribunal (NCLT) had ruled against holding a fresh round of auction for the takeover of Anil...
Hence, the tribunal directed all the applicants to submit their written notes and to keep all procedures that were to take place on Monday, on hold
The tribunal, led by Justice Shyam Babu Gautam and Justice Pradeep Narhari Deshmukh, extended the date of the 'challenge mechanism' to January 23, till the...
Torrent Investments—one of the bidders for the Anil Ambani-promoted Reliance Capital—has offered Rs 8,640 crore to acquire the firm through the insolvency...
Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested...
According to sources, the e-auction will begin on December 19, and it will follow ascending auction process
In the preliminary round, Advent had shown interest in taking over RCL subsidiary Reliance General Insurance by submitting a non-binding bid of Rs 7,000 crore.
As per the current timeline, the last date for submission of binding bids, along with Earnest Money Deposit (EMD) of Rs 75 crore, is September 29
