Reliance Capital: Bankruptcy Intensification | Dynamics

New Delhi: An executive appointed by the Reserve Bank of India (RBI) has asked Reliance Capital, a member of the Anil Ambani Group, to bid for the company.
Reliance Capital, a subsidiary of Anil Ambani’s, was forced to default on its bank loans by the Reserve Bank of India in November last year. Also, went bankrupt.

Currently, March 11 is the deadline for bidding and April 20 is the deadline for submitting a settlement plan.
This is the third major bankruptcy action against non-bank financial institutions. Earlier, action was taken against Sri Group and Diwan Housing Finance Corporation. The total debt of Reliance Capital was Rs 40,000 crore.

New Delhi: An executive appointed by the Reserve Bank of India (RBI) has offered to bid for Reliance Capital, a subsidiary of Anil Ambani Group.

Media Charity In your hands …!

Advertising revenue is the lifeblood of the online media, which brings honest and courageous news to the masses without compromising on power. That’s it, for the Dinamalar, the website you like …

So dear readers,‘Adblocker’ Avoid use and give shoulder to the honesty of the bold media. Just take a ‘screen shot’ and send us an ad that may interfere with your vision. We look for a solution to your problem.

The advertisements published here are included because they are beneficial to the readers. Ad blocker By posting, you are likely to miss a lot of useful information. Ad blocker ஐ Avoid.

Advertisement