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Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far
Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far
IANSDec 22, 2020, 17:24 IST
BCCL
New Delhi, Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 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 60.
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.
Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. December 1 was 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. Over eight bidders have bid for entire RCAP assets on as-is-where-is basis. The prominent among them are Oaktree, J.C. Flower and multiple ARCs. For Reliance General Insurance, which is owned 100 per cent by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital.
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.