BIG DEVELOPMENT! Authum places highest bid value of Rs 2,887 cr for Reliance Home Finance (RHF) acquisition zeebiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zeebiz.com Daily Mail and Mail on Sunday newspapers.
Read more about Lenders begin vote to select highest bidder for Reliance Commercial Finance on Business Standard. The voting to choose the bidder will end on June 25 and resolve another Rs 9,000 crore of debt of Anil Ambani group company
The Indian lenders led by Bank of Baroda have started voting on the highest bidder for Reliance Home Finance on May 31 and will select the highest bidder by June 15. Global fund ARES SSG, along with Assets Care & Reconstruction Enterprise Ltd, Authum Infrastructure and Investment Ltd (a domestic NBFC), Avenue Capital and ARCIL, Capri Global Capital Limited have made the bids for the company. The present debt resolution is under the June 7, 2019 circular of Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions 2019 and the lenders of RHFL have entered into an Inter Creditor Agreement for debt resolution of the housing finance company.
Reliance Home Finance s Q4 net loss widens to Rs 445 crore
For the full year 2020-21, the company s net loss widened multifold to Rs 1,519.90 crore as against Rs 375.32 crore in 2019-20
PTI | May 8, 2021 | Updated 16:21 IST
Reliance Home Finance on Saturday reported widening of its net loss to Rs 444.62 crore in the fourth quarter ended March 31. The Anil Ambani-controlled Reliance Capital subsidiary firm had reported a net loss of Rs 238.37 crore in the same quarter of the previous fiscal year. Sequentially also, the loss widened from Rs 339.55 crore in quarter ended December 2020.
The troubled housing financier is undergoing a debt resolution. Its income during January-March 2021 fell 42.4 per cent to Rs 162.08 crore as against Rs 281.34 crore in the year-ago period, Reliance Home Finance said in a regulatory filing.