Updated Dec 21, 2020 | 10:50 IST
While Kotak Special Situations Fund has partnered with its group ARC Phoenix, Arcil has teamed up with its single largest shareholder, Avenue Capital.Asset reconstruction companies are taking the lead in bids Arcil, Kotak Fund and 4 others among bidders for debt-ridden Reliance Home Finance | Photo Credit: BCCL
New Delhi: Six bidders have reportedly submitted bids for debt-ridden Reliance Home Finance Limited (RHFL). Of these, only two bidders have submitted compliant and binding bids while the other four have submitted non-binding and non-compliant bids.
Kotak Special Situations Fund (KSS), Asset Reconstruction Company (India) Ltd (Arcil), and Acre ARC are among the six bidders that have expressed interest to buy RHFL, reported
Six bidders submitted bids for Reliance Home Finance daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Six bidders have submitted bids for Reliance Home Finance Limited (RHFL). Of these, only two bidders submitted compliant and binding bids and other four bids are non-binding and not compliant with bid conditions. The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non compliant bidders. The two compliant bidders opposed the arbitrary change of rules of the game by the lenders and the bidders threatened to walk away from the non-transparent process. The lenders of RHFL have received a total of six bids for its assets in response to the resolution process being run.
6 suitors submit bids for acquiring Reliance Home Finance financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India: ARCIL, Authum among five bidders for Reliance Home Finance
Photo: Pixabay Premium
Lenders to Reliance Home Finance Ltd, part of the debt-ridden Anil Dhirubhai Ambani Group (ADAG), have received bids from five entities, two bankers aware of the matter said. Asset Reconstruction Co. India (Ltd) (ARCIL) and Authum Investment & Infra Ltd are among those who have submitted bids for all or some assets of the company, the bankers said on condition of anonymity.
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