Lenders of Anil Ambani’s debt-ridden Reliance Capital Limited (RCL) can share the request for resolution plan (RFRP) document with the bidders by Wednesday or Thursday. Sources said that under the resolution process, the bids with higher cash upfront payment component may get maximum marks.
The RFRP document lays down the resolution plan guidelines and is shared with all the companies submitting the Expression of Interest for the financial bids.
The company has given two options
RCL has given two options to the bidders, firstly, they can bid for eight of its subsidiaries and clusters, including Reliance Capital. Under the second option, the bidders can bid singly or jointly for its subsidiaries.
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Sources said that as per the final RFRP document prepared by the lenders, under the second option, the bidding for various businesses of RCL will be full cash bid only and the option to pay later will not be given. At the same time, under the first option for RCL, the bidding companies will have the option of fully cash bidding or cash upfront payment cum delayed payment.