In a surprise move, the Reliance Capital (RCap) Administrator has proposed to change the whole structure of RCap as a core investment company (CIC).The proposal to change the structure, that too at an advanced stage of the bidding process, has .
Differences have emerged between the lenders and the RBI-appointed administrator of debt-ridden Reliance Capital Ltd (RCL) over the resolution process of the company's different subsidiaries or clusters which are on the block, sources said.
As many as 54 bids were received for the resolution of Reliance Capital and its multiple subsidiaries as of March 25, which was the last date for submission of EoI.