There will be multiple rounds of bidding among resolution applicants until the highest bidder is identified. The highest offer of ₹5,231 crore from Piramal Enterprises-Cosmea Financial Holdings team for Reliance Capital and its units will be the base bid for the e-auction.source https://economictimes.indiatimes.com/industry/banking/finance/e-auction-for-rcap-later-this-month-base-bid-at-5231-crore/articleshow/96042174.cms
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