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Reliance Capital Ltd Rcl

LIC's Move To Sell Reliance Capital's Debt To ARC Upsets Lenders, Bidders

LIC is conducting a Swiss Challenge process to invite bids from Asset Reconstruction Companies (ARCs) to sell its exposure in RCL, sources said, adding prospective bidders will be asked to better the offer

16 November 2022

Suitors Raises Concerns Over Bidding Process As Reliance Capital Resolution Enters Final Stage

According to sources, the decision of the Committee of Creditors (CoC) to introduce a new clause 'Challenge Mechanism' in the bidding process has upset the bidders

30 October 2022

Reliance Capital Likely To Share Resolution Plan With Lenders On April 27

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...

24 April 2022

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