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Authum with highest bid value of Rs2,887 crore wins bid to acquire Reliance Home Finance
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Authum with highest bid value of Rs 2,887 cr wins to acquire Reliance Home Finance (Ld)
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Authum with highest bid value of Rs 2,887 cr wins to acquire Reliance Home Finance
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BIG DEVELOPMENT! Authum places highest bid value of Rs 2,887 cr for Reliance Home Finance (RHF) acquisition
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The Indian lenders led by Bank of Baroda have started voting on the highest bidder for Reliance Home Finance on May 31 and will select the highest bidder by June 15. Global fund ARES SSG, along with Assets Care & Reconstruction Enterprise Ltd, Authum Infrastructure and Investment Ltd (a domestic NBFC), Avenue Capital and ARCIL, Capri Global Capital Limited have made the bids for the company. The present debt resolution is under the June 7, 2019 circular of Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions 2019 and the lenders of RHFL have entered into an Inter Creditor Agreement for debt resolution of the housing finance company.