Reliance Capital Latest News:

A total of 14 offers have been received to buy Reliance Capital, the company of Dhirubhai Ambani's younger son Anil Ambani.

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The last date for submitting a resolution for the acquisition of Reliance Capital was August 29.

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Piramal Group, Oaktree Capital, Torrent Investments, IndusInd International, and Cosmi Financial Services have also bid.

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Advent International and Zurich Insurance have bid to buy a 100 percent stake in Reliance General Insurance.

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Naveen Jindal Group has bid for Reliance Asset Reconstruction Company as well as Reliance Capital through Jindal Power.

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Reliance Capital has around 20 financial services companies. These include securities broking, insurance, and an ARC.

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The RBI dissolved the board of heavily indebted Reliance Capital on 30 November 2021 and initiated insolvency proceedings against it.

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According to expert bankers, the bid for Reliance Capital can be in the range of Rs 7000 to 8000 crore.

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Reliance Capital Limited Share Details: Mkt cap: 352.34Cr 52-wk high: 25.65 52-wk low: 11.45

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