Reliance Home Finance: Lenders have approved a Rs 9,660-crore resolution plan offered by Hinduja Group-promoted IndusInd International Holdings for Reliance Capital.
Reliance Commercial is investing Rs 1,043 crore in Reliance Infra and Reliance Power - Two listed Anil Ambani group companies, Reliance Infrastructure and Reliance Power, are between them, raising 1,043 crore from Reliance.
Authum Investment & Infrastructure acquired assets of both finance companies in an out-of-court resolution process. Under the resolution plan, Authum acquired Rs 11,540-crore debt of Reliance Home Finance for Rs 3,351 crore and the Rs 9,000-crore loan book of Reliance Commercial for Rs 1,629 crore.