Reliance Capital said the stock exchanges will take all necessary actions to delist the equity shares of RCL; in accordance with the approved resolution plan read with applicable law, including, but not limited to the SEBI (Delisting of Equity Shares) Regulations, 2021, as amended and shall pass necessary orders / directions to this effect.
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is Nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing.
Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore, reducing its shareholding to 2.47%. The company posted a net profit of ₹444 crore in Q1 FY 2024
Reliance Capital: A Hinduja Group entity, a sole bidder for Reliance Capital at the auction on Wednesday offered Rs 9,650 crore for Reliance Capital in the second round, up from Rs 9,510 crore in the first round.