RCap administrator requests 90-day extension from NCLT for resolution plan implementation
Reliance Capital seeks 90-day extension for resolution plan implementation from NCLT after Hinduja Group's successful bid.
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Reliance Capital seeks 90-day extension for resolution plan implementation from NCLT after Hinduja Group's successful bid.
NCLT in February this year approved the Rs 9650 crore resolution plan and directed IIHL to implement it within 90 days ending May 27, 2024.
Reliance Capital share news: Anil Ambani-promoted Reliance Capital Limited (RCL) on Wednesday announced indicating that its shares are set to be delisted from the stock exchanges., Markets News, Times Now
As per the NCLT order and SEBI (Delisting of Equity Shares) Regulations, 2021, the equity shares of RCL will be delisted from stock exchanges.
The company in the exchange filing announced that the National Company Law Tribunal (NCLT) in its 'approved resolution plan' for the firm is contemplating delisting of existing equity shares from the exchanges