Reliance Capital auction: Hinduja Group firm emerges highest bidder with Rs 9,650 cr offer
1 year, 7 months ago

Reliance Capital auction: Hinduja Group firm emerges highest bidder with Rs 9,650 cr offer

India TV News  

Reliance Capital auction: A Hinduja Group firm has emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by IndusInd International Holdings Ltd is higher than Rs 8,640 crore offer made by Torrent Investments in the first round of auction held in December last year. The second round of auction was held on Wednesday after the Supreme Court allowed the lenders to go ahead with the extended challenge mechanism in order to maximise the recovery from the sale of Reliance Capital's assets. NCLAT ruled in favour of the lenders and allowed them to go for a second round of auction to maximise their recovery from the sale of Reliance Capital.

Mumbai Capital Auction Second Crore Nclt Round Rbi Nclat Bid Lenders Reliance Coc Second Round Torrent Reliance Capital Iihl Highest Bidder Hinduja Group Torrent Investments Hinduja Group Firm  auction  second  hinduja  highest  firm  bid  capital  lenders  emerges  reliance  cr  crore  group  rs  round  torrent  offer

History of this topic

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks
1 week, 4 days ago

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks

India Today  

The stock market is expected to open higher on Thursday, tracking gains in Asian markets. In today’s session, several stocks such as Reliance Power Ltd, Cipla, PC Jeweller, tec are likely to be in focus due to recent developments. RELIANCE POWER LTD Reliance Power Ltd will be under the spotlight after its subsidiary, Reliance NU Suntech, won a 930 MW …

Stocks To Watch: HDFC Bank, SpiceJet, Mankind Pharma, Tata Steel, Zee, BHEL, And Others
3 months ago

Stocks To Watch: HDFC Bank, SpiceJet, Mankind Pharma, Tata Steel, Zee, BHEL, And Others

News 18  

Stocks To Watch On September 23: Domestic markets edged higher on Friday, gaining nearly one and a half percent, largely tracking global trends. SpiceJet: SpiceJet’s board approved the issuance of 48.71 equity shares to the eligible qualified institutional buyers at an issue price of Rs 61.60 per share. HDBFS reported a 2.6 per cent year-on-year growth in net profit to …

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital
4 months, 1 week ago

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital

Live Mint  

The National Company Law Tribunal on Monday instructed the Reserve Bank of India and the Department of Industrial Policy and Promotion to expedite approvals necessary for Hinduja-owned IndusInd International Holdings Ltd to complete its acquisition of the insolvent Reliance Capital. This directive followed a petition by the Hindujas seeking an extension of the timeline set by the tribunal in its …

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner
5 months, 3 weeks ago

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner

The Hindu  

Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. While Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India …

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead
6 months ago

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Live Mint  

Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. Among the top-10 firms, HDFC Bank, ICICI Bank, and Infosys saw gains, while Reliance Industries, Tata Consultancy Services, Bharti Airtel, State Bank of India, Life Insurance Corporation of India, Hindustan Unilever, and ITC collectively saw a decline in …

Hinduja overhauls corp structure for Reliance Capital deal
7 months, 2 weeks ago

Hinduja overhauls corp structure for Reliance Capital deal

New Indian Express  

NEW DELHI: The successful bidder for Reliance Capital – IndusIndia International Holding Ltd – has changed the entire corporate structure of the transaction for implementation of the resolution plan 20 days ahead of the deadline for completion of the process. Under the new structure, the transaction will take place through four new companies -- Cyqure India Private Limited, Ecopolis Properties …

Tata Sons considers options to stick to RBI’s upper limit norms for NBFC: Report
9 months, 2 weeks ago

Tata Sons considers options to stick to RBI’s upper limit norms for NBFC: Report

Live Mint  

Tata Sons is considering various options to adhere to the Reserve Bank of India's mandates regarding upper-tier Non-Banking Financial Companies, according to a report by CNBC-TV18. According to RBI regulations, any upper-layer NBFC is mandated to list its shares within three years, with Tata Sons expected to adhere to this directive by September 2025. Tata Sons Ltd may fetch a …

At $365 Billion, Tata Group's Market Cap Is Higher Than GDP of Pakistan
10 months ago

At $365 Billion, Tata Group's Market Cap Is Higher Than GDP of Pakistan

News 18  

Tata Group Bigger Than Entire Pakistan Economy? Tata Group’s market capitalisation stood at $365 billion while IMF estimated Pakistan’s GDP to be almost $341 billion. Valued at about Rs 15 lakh crore or $170 billion, Tata Consultancy Services is not just India’s second-largest company but roughly half the size of Pakistan’s economy. Most of the recent gains in Tata Group’s …

NTPC market cap now ₹3 trillion, joins Reliance, TCS in big league
1 year ago

NTPC market cap now ₹3 trillion, joins Reliance, TCS in big league

Hindustan Times  

National Thermal Power Corporation, the state-owned power generation company, joined the top league of firms having a market cap over ₹3 trillion after its stock hit a new all-time high of ₹312.45 on Tuesday. During the day, the barometer jumped 308.62 points or 0.43 per cent to reach its all-time intra-day high of 71,623.71. Reliance Industries surged by 1.53 per …

NBFCs relying more on bank loans: RBI
1 year, 3 months ago

NBFCs relying more on bank loans: RBI

Live Mint  

Mumbai: Domestic non-banking financial companies, especially those in the upper-layer category, are increasingly relying on bank borrowings as their primary source of funding, according to an analysis in Reserve Bank of India ’s September bulletin. “During the assessment period, NBFCs’ reliance on banks increased steadily due to low interest environment and lag monetary policy transmission," the article said. Direct bank …

RIL-Jio Financial demerger could give tough competition to existing NBFC players
1 year, 5 months ago

RIL-Jio Financial demerger could give tough competition to existing NBFC players

Live Mint  

The demerger of Jio Financial Services from diversified conglomerate Reliance Industries will create a non-banking financial behemoth with a size of approximately ₹1.5 lakh crore which could pose a tough challenge to existing non-banking financial companies, according to experts. "Keeping in mind the track record of Reliance Industries of disrupting the businesses it has entered in the past, we believe …

Reliance Capital resolution process completion deadline extended to July 16
1 year, 8 months ago

Reliance Capital resolution process completion deadline extended to July 16

India TV News  

Reliance Capital News: The Mumbai-bench of National Company Law Tribunal has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery. The 90 days deadline extension was necessitated as the lenders decided to hold a second round of …

NCLT to hear on January 12 Torrent’s plea against second-round bidding in RCap
1 year, 11 months ago

NCLT to hear on January 12 Torrent’s plea against second-round bidding in RCap

The Hindu  

The National Company Law Tribunal Mumbai is set to hear on Thursday a crucial petition of the Gujarat-based Torrent Group, which has approached the tribunal challenging the Committee of Creditors’ move to conduct second round of e-Auction of the Reliance Capital, which is under the Insolvency and Bankruptcy Code procedure. On December 21, Torrent Investments had emerged the highest bidder …

Reliance Capital lenders to propose a second auction on January 19
1 year, 11 months ago

Reliance Capital lenders to propose a second auction on January 19

India TV News  

Lenders to Reliance Capital advised bidders that the challenge auction procedure will take place on January 19 even though the National Company Law Tribunal will hear Torrent Investments' case contesting it on Thursday, people aware of the situation said. The threshold price is set at Rs 10,000 crore for the second round and at Rs 10,250 crore for the third, …

Reliance Capital auction: Torrent Group highest bidder at ₹8,600 cr.
2 years ago

Reliance Capital auction: Torrent Group highest bidder at ₹8,600 cr.

The Hindu  

Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process. Ahmedabad-based Torrent Group submitted a bid of ₹8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group, sources said. As per an order of the National Company Law Tribunal, lenders have to complete …

Market updates: 6 of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards
2 years, 3 months ago

Market updates: 6 of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

India TV News  

Six of the top-10 most valued firms suffered a combined erosion of Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services and Infosys taking the biggest hit, amid weak trend in equities. While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC suffered erosion from their valuation, ICICI Bank, State Bank of India, Adani …

M-Cap of Seven of Top-10 Valued Firms Tumbles Over Rs 1.54 Lakh Crore
2 years, 3 months ago

M-Cap of Seven of Top-10 Valued Firms Tumbles Over Rs 1.54 Lakh Crore

News 18  

Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys emerging as the biggest laggards. The market valuation of Tata Consultancy Services plunged Rs 59,862.08 crore to Rs 11,78,818.29 crore. HDFC Bank’s valuation declined by Rs 16,090.67 crore to Rs 8,13,952.05 crore and …

Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital
2 years, 8 months ago

Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital

Hindustan Times  

Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo, and Nippon Life Insurance are among the 54 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The bidders had two options - either they could bid for the entire RCL or any one or more than one of the subsidiaries …

Reliance Industries shares tumble 4%, m-cap tanks by ₹68,404 cr
2 years, 10 months ago

Reliance Industries shares tumble 4%, m-cap tanks by ₹68,404 cr

Live Mint  

Shares of Reliance Industries Ltd on Monday declined 4% amid profit-taking in line with an overall weak trend in the equity market. During the early trade, the market heavyweight stock gained 1% after the company reported its best-ever quarterly performance in October-December 2021. Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped …

RBI appoints advisory panel to assist R-Cap administrator
3 years ago

RBI appoints advisory panel to assist R-Cap administrator

Deccan Chronicle  

Mumbai: A day after it superseded the board of Anil Ambani group’s Reliance Capital, the Reserve Bank of India on Tuesday appointed a three-member advisory committee to assist the administrator of Reliance Capital. The members of the committee are Sanjeev Nautiyal, ex-deputy managing director, State Bank of India; Srini-vasan Varadarajan, ex-deputy MD, Axis Bank; and Praveen P. Kadle, ex-MD & …

Seven of top 10 companies lose over ₹1 lakh crore in market capitalisation
3 years, 8 months ago

Seven of top 10 companies lose over ₹1 lakh crore in market capitalisation

Hindustan Times  

Seven of the 10 most valued domestic companies witnessed a combined erosion of ₹1,07,566.64 crore from their market valuation last week, with Reliance Industries accounting for around half of the losses. The market capitalisation of Bajaj Finance plunged ₹16,197.55 crore to ₹3,12,327.04 crore and that of State Bank of India went lower by ₹12,494.45 crore to ₹3,18,697.88 crore. Kotak Mahindra …

Reliance market cap hits ₹16-trillion mark
4 years, 3 months ago

Reliance market cap hits ₹16-trillion mark

Live Mint  

Reliance Industries Ltd briefly breached the ₹16 trillion market capitalization mark for the first time on Wednesday, as investors continued to buy the stock anticipating higher valuation in the wake of stake sales in its subsidiary Reliance Retail. On 9 September, California-based private equity fund Silver Lake picked up a 1.75% stake in Reliance Retail Ventures Ltd for ₹7,500 crore, …

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