RCap threshold bid amount pegged at Rs 6,500 cr in 1st round

RCap threshold bid amount pegged at Rs 6,500 cr in 1st round

Mumbai: Reliance Capital‘s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore – pegged as the threshold bid amount – to participate in the auction for the company, said people aware of the development. The Piramal-Cosmea combine, the Group, Torrent Investment and Oaktree Capital are expected to take part in … Read more