Lenders of debt-ridden Reliance Capital Limited (RCAP) are expected to recover upfront cash of Rs 9,661 crore from Hinduja Group firm IndusInd International Holdings Ltd (IIHL). The Hinduja Group made the highest cash offer and along with cash balance of RCAP resulting 65% recovery for the lenders . The resolution plan is expected to be filed in the National Company Law Tribunal (NCLT) Mumbai next week.
Reliance Cap lenders vote in favour of Hinduja Group firm thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The Committee of Creditors (CoC) had set a minimum bid amount of Rs 9,500 crore for the first round, Rs 10,000 crore for the second round and Rs 250 crore for subsequent rounds, , hinduja group, reliance capital