RCap lenders vote for second round of auction on 16 Jan
Mint Mumbai|January 11, 2023
Lenders to Reliance Capital on Tuesday unanimously voted to restart the bidding process to auction the bankrupt company, two officials familiar with the matter said. The auction will be conducted with a base price of ₹9,500 crore, including upfront cash of ₹18,000 crore.
Gopika Gopakumar
RCap lenders vote for second round of auction on 16 Jan

The voting, which started on Monday, ended on Tuesday afternoon. The auction may be conducted on 16 January.

"Bids from the first round are also valid. Bidders can either offer the old bid or increase the bid," a banker, one of the two people cited above, said on condition of anonymity.

The decision also offers other initial bidders, including the Cosmea-Piramal consortium and Oaktree Capital, a new chance to revise bids. However, lenders said both these bidders, who had exited the race in the first round itself, are unlikely to bid higher.

هذه القصة مأخوذة من طبعة January 11, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 11, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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