Anil Ambani-owned Reliance Capital - the parent company of Reliance ARC - is undergoing insolvency proceedings with Torrent Investments and Hinduja Group in the fray to acquire the financial services company. Reliance ARC is among 20 Reliance Capital subsidiaries that would be sold under the corporate insolvency process.source https://economictimes.indiatimes.com/industry/banking/finance/iob-set-to-recover-40-of-education-loan-on-sale-to-reliance-arc/articleshow/98556176.cms
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