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Published: Nov 30, 2022
Updated: Nov 30, 2022
Reliance Capital, earlier owned by Anil Ambani, has hit a road block. Bankers are not happy with the offers received by them which are valuing the company at a 70 per cent discount to the liquidation value of Rs 14,500 crore
Lenders are now planning an auction involving all bidders to get some returns on their Rs 24,000 crore exposure.
Some of the bidders say the auction conducted by the lenders is so confusing and haphazard that one wonders whether the entire sale process would ultimately help only some bidders.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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