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Latest Articles in reliance capital

NCLAT Allows Reliance Capital Lenders Plea For Second Round Of Auction

A petition was filed by Torrent Investments on 9 January requesting the tribunal to quash the plea of the lenders’ plan to hold a fresh auction for the takeover of Reliance Capital

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NCLT Delays Fresh Auction For Reliance Capital

The tribunal led by Justice Shyam Babu Gautam and Justice Pradeep Narhari Deshmukh extended the date to 23 January, till the hearing of all parties are completed

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Torrent Urges NCLT To Quash Fresh Auction Round For Reliance Capital

Torrent Group representative made a plea against the Committee of Creditors’ (CoC) proposal to hold fresh auction of RCap and asked the Tribunal to deny the same

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Hinduja Group’s Presence In Financial Sector Gives IIHL The Lead Over Torrent

IIHL, a part of Hinduja Group, is the highest bidder with a bid value of Rs 10,000 crores, which includes an upfront cash offer of Rs 9,000 crores

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Torrent Revises Its Offer For Reliance Capital But Falls Short Of Expected Price

Torrent's alleged all cash bid of Rs 8,640 crore is still lower than IIHL's Rs 9,000 crore plus all cash bid for Reliance Capital

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Lenders Will Discuss Offers To Acquire Reliance Capital On Tuesday

Reliance Capital’s insolvency process has already been postponed by more than a year and has a deadline of 31 March 2023, according to the National Company Law Tribunal (NCLT).

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Torrent Elevates Bid War Against Hinduja Group For Reliance Capital To RBI

The Committee of Creditors will be meeting on 03 January to assess the latest development in the case.

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Hinduja Group Ups Its Bid To Rs 9,000 Cr To Acquire Reliance Capital

This offer trumps Torrent's bid of just Rs 4,000 crore cash by a margin greater than 200 per cent

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Hinduja Hikes Its Bid To Buy Reliance Capital

The revised bid offer was made after the e-auction ended on Wednesday and so it stands blatant and is an arbitrary violation of the challenge process, according to Torrent

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Reliance Capital Posts Rs 491 Cr Loss In Q1; Total Income Falls 19%

The total income of the company fell to Rs 3,604.39 crore in April-June 2022-23 from Rs 4,447.52 crore in the same quarter of 2021-22, Reliance Capital said in a regulatory filing

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Reliance Capital's Lenders Likely To Share Resolution Document Next Week: Report

RCL had offered two options to all the bidders. Under the first option, companies could bid for Reliance Capital, including its eight subsidiaries or clusters. The second option gave the company freedom to bid for its subsidiaries, individually or in a combination

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RBI Appointed Administrator Invites Bids For Resolution Of Reliance Capital

It subsequently filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against the company at the Mumbai bench of the National Company Law Tribunal (NCLT)

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Reliance Capital Q3 Net Loss Narrows To Rs 1,759 Cr

Total income of the company stood at Rs 4,083 crore in Q3 FY22, down from Rs 4,890 crore in Q3 FY21, Reliance Capital said.

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EPFO Invested Rs 2,500cr In Reliance Capital's Bonds; Asked Govt To Initiate Insolvency Process: Finmin

Ministry of Labour and Employment has informed that as the maturity date of these investment has not become due till date, there is no default on principal as on date

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