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Published: Mar 31, 2022
Updated: Mar 31, 2022
Some of the bidders for Reliance Capital have taken the industry by surprise. Apart from virtually unknown people like Ajay Harinath Singh (not the Spicejet owner), there are bidders such as Mrs Shon Randhawa and Shree Swati Investments.
There are 50 bidders for RCap assets, who include global biggies such as Blackstone and Advent Private Equity and TPG Asia. Local biggies such as Piramal and Adani have also sent in their expressions of interest (Eo
In this backdrop, one wonders why these unknown figures are bidding for such a large company. Insiders say most of the global biggies won’t make financial bids by May 5 and are just looking at the financial data of Reliance Capital, while the local big boys will not make good financial bids and will seek a 90 per cent haircut from banks. Hence, the fight for Reliance Capital assets will be among these laggards and unknown players.
February 15, 2025 - First Issue
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