RBI supersedes board of Reliance Capital; appoints administrator

The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment......

Reliance Cap lenders vote in favour of Hinduja Group firm

Lenders of debt-ridden Reliance Capital have voted in favour of a resolution plan submitted by Hinduja Group firm IndusInd International Holdings Ltd (IIHL) which made the highest cash offer of Rs......

Tribunal stays Hinduja's revised offer for Reliance Cap

The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. Photograph: Prashant......

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

A Hinduja Group firm on Wednesday 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. Photograph:......