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Reliance Capital
Business  /  Published 13.01.23

RCL lenders to counter Torrent

Kapil Sibal says company bid in third round was ‘suboptimal’ and ‘factually incorrect’ as it was less than the threshold...
By Our Special Correspondent in Mumbai

Business  /  Published 11.01.23

RelCap bids move into new round

Voting for running a second round of ‘challenge mechanism’ started on Monday...
By Our Special Correspondent in Mumbai

Business  /  Published 10.01.23

Torrent Investments fails to halt R-Cap rebid

The tribunal comprising Justices P.N. Deshmukh and Shyam Babu Gautam declined to grant a stay by the Torrent group and kept the matter for hearing on January 12...
By Our Special Correspondent in Mumbai

Business  /  Published 07.01.23

Torrent ups RelCap ante

Ahmedabad-based Torrent Group is offering to pay the entire bid amount of Rs 8,640 crore as upfront cash while maintaining the net present value (NPV) of Rs 8,640 crore quoted during the auction...
By PTI in New Delhi

Business  /  Published 06.01.23

Torrent modifies bid for Reliance Capital

As per the laid down process by the lenders, the payment terms and other terms and conditions of the resolution plans were subject to negotiations between lenders and bidders post the auction...
By PTI in New Delhi

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Business  /  Published 04.01.23

RelCap lenders in a bind

Torrent wants the Committee of Creditors to allow it a charge on RelCap’s assets for securing deferred financing, sources said...
By PTI in Mumbai

Business  /  Published 22.12.22

Torrent puts highest bid for RelCap

Hinduja group comes in second with an offer of Rs 8,150 crore...
By Our Special Correspondent in Mumbai

Business  /  Published 31.10.22

RelCap bidders irked by new clause in sale

Sources say ‘Challenge Mechanism’ gives lenders power to oppose any resolution plan as and when they want...
By PTI in New Delhi

Business  /  Published 19.10.22

RelCap bid deadline: January 31

This is the third time the tribunal has extended the time frame...
By Our Special Correspondent in Mumbai

Business  /  Published 01.08.22

Rel Cap bidders want time

Piramal, Torrent, Oaktree and IndusInd Bank have written to administrator seeking an extension of deadline from existing August 10 to September 15...
By PTI in New Delhi


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