Reliance Capital share: The list of buyers of Anil Ambani’s bankrupt company Reliance Capital Limited has been released. Reliance Capital has submitted the list of applicants to the stock exchange. According to the information given by the company in the stock exchange filing, a total of 55 companies have bid for the debt-ridden Reliance Capital. At the same time, 22 companies have bid for Reliance Capital as well as the business cluster.
Let us inform that the stock exchange has given this information on April 4 late evening, after which the company’s shares remained stuck in the upper circuit on April 5 and 6. Today on Wednesday, the shares of Reliance Capital are trading at Rs 20.15 with a gain of 4.95%. The shares of Reliance Capital have seen a gain of 25.16% in the last five trading sessions.
Here are the potential applicants
According to the list released by Nageswara Rao Y, a consortium led by Ajay Harinath Singh, chairman of Piramal Group, Yes Bank, Zurich Insurance Company, IndusInd International Holdings, Jindal Power, Darwin Platform Group of Companies are some of the potential solution applications. Let us inform that after the dissolution of the board of directors by RBI, Nageswara Rao Y was appointed as the administrator of Reliance Capital.
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Piramal Consortium is the key partner with PEL Finhold and India Resurgence Fund bidding for Reliance Capital as a whole as well as for the business cluster. Piramal Group had earlier also bid for and acquired Dewan Housing Finance Corporation Ltd.
22 companies bid for Cluster I and II
All 22 companies have bid for both the options while others have bid only for select business groups. Other potential resolution applicants include Adani Finserve, Authm Investment Infrastructure, Bandhan Financial Holdings, Brookfield, HDFC Ergo General Insurance, ICICI Lombard General Insurance, Torrent Investments, TPG Asia and TrueNorth Fund.
The bids of five companies – Cosmi Financial Holdings, Howen International Fund, Libord Finance, Shree Krishna Group and Yash Shares & Stocks – have not been included in the list of potential resolution applicants due to problems arising after verification of documents. It may also choose to evaluate these bids on the basis of further documents and the Clarification Administrator.
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March 25 was the last date for bidding
The administrator had on February 18 issued an expression of interest seeking bids for the company. The last day for submission of EOI was March 25. Earlier, the deadline was fixed for March 11, but it was extended by two weeks as some potential bidders sought more time for submission of EoIs.