Reliance Capital

Hinduja Group emerges highest bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction

With Rs 9,650 crore upfront cash offer, the Group moves a step closer to acquiring the Anil Ambani-led company

published on : 26th April 2023

NCLT extends deadline for RCap resolution process by 3 months

The lenders to Reliance Capital, have decided to hold the auction for the sale of assets Anil Ambani-promoted company undergoing insolvency proceedings on April 26.

published on : 19th April 2023

Reliance Capital resolution may get delayed further

The auction was scheduled for April 11 but it likely to be be postponed by another week, said a source.

published on : 8th April 2023

Reliance Capital lenders postpone 2nd auction to April 11 to give bidders more time

“Committee of Creditors (COC) has also assured the bidders to consider their request that no bids outside the auction shall be considered.

published on : 4th April 2023

Reliance Capital auction: Bidders start pulling out

This could even mean Reliance Capital might go for liquidation. The latest developments come as a big setback for the lenders who were hoping to maximise the realisation from the insolvency process.

published on : 27th March 2023

Supreme Court paves way for 2nd round of auction for debt-ridden Reliance Capital

This development paved way for the Committee of Creditors (CoC) to hold second round of auction for RCap assets.

published on : 21st March 2023

SC agrees to hear Torrent’s plea in RCap case on Mar 20

Earlier this month, NCLAT had allowed the Committee of Creditors (CoC) to hold an extended round of auction for debt-ridden Reliance Capital.

published on : 14th March 2023

Torrent moves Supreme court against Reliance Capital’s second round of auction

Torrent filed the plea on Tuesday against Vistra ITCL, debenture trustee acting on behalf of the committee of creditors.

published on : 8th March 2023

Second round of auction for Reliance Capital on March 20

The minimum threshold value was kept at Rs 6,500 crore in the first round that concluded on December 21.

published on : 7th March 2023

NCLAT allows another round of bidding for Anil Ambani-led Reliance Capital

The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of RCap, challenging an order of NCLT, which restricted further auction of the bankrupt firm.

published on : 3rd March 2023

RCap resolution: NCLAT allows lenders' plea for another round of bidding

In the Reliance Capital (RCap) matter, Torrent Investments had emerged as the highest bidder with a resolution plan of Rs 8,640 crore.

published on : 2nd March 2023

Holding new e-auction for Reliance Capital illegal, says Torrent Group

He said the Committee of Creditors (CoC) is trying to prove that the bids of both Torrent Investments and Hinduja Group are sub-optimal, so that it can start a fresh auction. 

published on : 18th January 2023

Reliance Capital lenders asked to reply on Torrent plea by January 16

Torrent Group entity, earlier this week filed a plea in the NCLT to stop lenders from holding a second round of ‘challenge mechanism’ or e-auction in the Reliance Capital insolvency case.

published on : 13th January 2023

Lenders decide to conduct second auction for Reliance Capital on Jan 19

The base bid is set at Rs 9,500 crore in net present value terms with a minimum of Rs 8,000 crore in cash component, said a source.

published on : 12th January 2023

Lenders approve second auction for Reliance Capital

Apart from Torrent Group and Hinduja Group, now Piramal-Cosmea and Oaktree are also eligible to participate in the bidding for Anil Ambani’s insolvent Reliance Capital.

published on : 11th January 2023

Lenders to conduct second round of auction for Reliance Capital

The CoC is now eyeing an amount upwards of R10,000 crore from the proposed second auction, sources told TNIE.

published on : 9th January 2023

Torrent revises Reliance Capital bid, offers Rs 8,640 crore cash

Earlier, it offered Rs 3,750 cr as cash upfront, balance in deferred pay

published on : 7th January 2023

NCLT asks lenders not to consider Hinduja's bid for Reliance Capital

Sources said RCap lenders led by LIC and EPFO with 35% voting rights were in favour of a bid with higher upfront cash payment.

published on : 4th January 2023

Hindujas ahead in race to buy RCap

Sources said RCap lenders led by LIC and EPFO with 35% voting rights are in support of an upfront cash bid.

published on : 24th December 2022

Reliance Capital swings to black with net profit of Rs 215 crore in September quarter 

On a standalone basis, Reliance Capital posted a net loss of Rs 25.67 crore in Q2FY23, however, it was narrowed from Rs 253.21 crore loss in the year-ago quarter.

published on : 11th November 2022
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