SBI Life and Apollo join the race for RCap assets (Ld)
By IANS |
Published on
Tue, Dec 22 2020 17:18 IST |
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SBI Life and Apollo join the race for RCap assets. Image Source: IANS News
New Delhi, Dec 22 : Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 70 bids being received. SBI Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital s assets, taking the total number of bids to 70.
December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17.