Reliance Capital Latest News:
Reliance Capital, the company of debt-ridden industrialist Anil Ambani, is going to be sold.
A total of 14 offers have been received to buy Reliance Capital, the company of Dhirubhai Ambani's younger son Anil Ambani.
The last date for submitting a resolution for the acquisition of Reliance Capital was August 29.
Piramal Group, Oaktree Capital, Torrent Investments, IndusInd International, and Cosmi Financial Services have also bid.
Advent International and Zurich Insurance have bid to buy a 100 percent stake in Reliance General Insurance.
Naveen Jindal Group has bid for Reliance Asset Reconstruction Company as well as Reliance Capital through Jindal Power.
Reliance Capital has around 20 financial services companies. These include securities broking, insurance, and an ARC.
The RBI dissolved the board of heavily indebted Reliance Capital on 30 November 2021 and initiated insolvency proceedings against it.
According to expert bankers, the bid for Reliance Capital can be in the range of Rs 7000 to 8000 crore.
Reliance Capital Limited Share Details:
Mkt cap: 352.34Cr
52-wk high: 25.65
52-wk low: 11.45