Sunday, March 26, 2023

Reliance Capital lenders fear recovery below liquidation value

Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financial services company since both bidders, Hinduja Group and Torrent Investments, are reluctant to improve their offers, bankers dealing with the matter said.

source https://economictimes.indiatimes.com/industry/banking/finance/reliance-capital-lenders-fear-recovery-below-liquidation-value/articleshow/99016843.cms

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