Hinduja sole bidder for Reliance Capital with ₹9,650 cr offer
Hinduja Group entity IndusInd International Holdings was the sole bidder for Reliance Capital at the auction held on Wednesday as part of bankruptcy proceedings, said two people aware of the development. It submitted a ₹9,650 crore upfront cash offer, they said.
Torrent Investments and Oaktree Capital didn’t submit bids, although they had indicated earlier that they would participate in the process, the people said.
“Torrent participated in the mock auction drill today (Wednesday) ..
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