Anil Ambani's Reliance Capital buyer is looking to borrow Rs 7500 crore, however it is facing pricing challenges with various credit funds as they are demanding higher rates.
Hinduja Group’s firm has already received clearance from SEBI, CCI (Competition Commission of India) and RBI. It now awaits a green signal from IRDAI for Reliance Capital acquisition.
Anil Ambani’s Reliance Capital secured a buyout offer of Rs 9650 crore from IIHL a few months ago. Hinduja Group’s firm has now received clearance from SEBI, CCI (Competition Commission of India) and RBI.