E-auction for RCap later this month; base bid at ₹5,231 crore

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/73flFNc