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Nikhil Merchant-led consortium wins race for Reliance Naval

Anil Ambani-led Reliance Infrastructure's last-minute offer to wrest back control of shipyard rejected by lenders.

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Lenders of Reliance Naval staring at 90% to 95% haircut

Lenders of Reliance Naval and Engineering Ltd. (RNEL), which is undergoing debt resolution process under IBC, are set to face a haircut of whopping 90 per cent to 95 per cent, if the resolution plan of either of the two resolution applicants is .

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