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Read more about Lenders begin vote to select highest bidder for Reliance Commercial Finance on Business Standard. The voting to choose the bidder will end on June 25 and resolve another Rs 9,000 crore of debt of Anil Ambani group company
Likely to be completed by June 25; debt resolution of Reliance Home Finance is also underway
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 in...
The selection of the winning bidder will be from final and binding bids.