Searched for
COSMEA FINANCIAL SERVICES
Cosmea Financial Holdings receives Sebi approval to enter mutual fund businessCosmea is targeting assets under management (AUM) of Rs 15,000 crore within the next three years, focusing on technology-driven growth powe...
RBI rejects two applications for small finance bankThe Reserve Bank of India (RBI) has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for settin...
Reliance Capital lenders plan auction on April 4The administrator is proposing to hold an auction amidst stiff resistance from Torrent Investments- one of the bidders for the Anil Ambani-...
Torrent Investments challenges lenders plan to hold a second auction for Reliance CapitalLast Friday, lenders proposed to hold a second round of auction with a minimum threshold price of Rs 9500 crore on a net present value basi...
Reliance Capital lenders decide to go for fresh auctionThe decision was taken late Friday night at the committee of creditors (CoC) meeting to review offers received from the Hinduja Group and T...
At Rs 8,640 crore, Torrent highest bidder for Reliance CapitalHinduja Group made the second-highest offer, of Rs 8,110 crore, for the core investment company that houses 20 financial services entities,...
Piramal partner Cosmea exits race to acquire R-CapitalEffectively, it would be difficult for Piramal Enterprises now to participate in the auction process scheduled Wednesday. This is mainly be...
Reliance Capital lenders raise bid floor priceThe threshold price is the minimum price that a resolution applicant must offer to participate in the first round of the challenge auction ...
Reliance Capital lenders vote to hold multiple rounds of auctionThe Reliance Capital's Committee of Creditors (COC) met on Friday and finalised the process and rules for conducting an e-auction for the b...
E-auction for RCap later this month; base bid at ₹5,231 croreThere will be multiple rounds of bidding among resolution applicants until the highest bidder is identified. The highest offer of ₹5,231 cr...
Best offer 60% below liquidation value, RCap lenders toldPiramal-Cosmea's ₹5,231-crore offer comprises Piramal acquiring Reliance General Insurance Company, a wholly owned subsidiary of Reliance C...
Lenders not in favour of all bids offered for Reliance CapitalFor the financial services business, the Reserve Bank of India (RBI) has special powers under section 227 of the IBC to refer companies to ...
Lenders receive 14 resolution proposals for Reliance CapitalThe administrator has verified claims of ₹23,666 crore from financial creditors; the highest is from Life Insurance Corporation of India, f...
Piramal, IndusInd, Oaktree and Cosmea mull bid for Reliance CapitalReliance Capital's administrator Nageshwara Rao Y has given potential applicants a choice to either bid for the entire company or submit pl...
RBI rejects 6 applications for setting up banks“The examination of six applications has now been completed as per the procedure laid down under these guidelines,” the RBI said in a state...
Reliance ARC buys distressed loans from IOB, Jana SFBIt acquired a principal loan portfolio of ₹141 crore from Indian Overseas Bank at a reserve price of ₹84.8 crore under a structured deal of...
Sam Ghosh launches wealth management platform TorusSam Ghosh, former chief executive of Reliance Capital, is looking to expand his financial services business. After applying for a small fin...
Asia’s 1st crypto ETF may roll out in GIFT CityAsia’s first cryptocurrency exchange-traded fund (ETF) could be launched in India’s GIFT City this year.
Former Reliance Capital CEO Sam Ghosh plans to set up a small finance bankCosmea aims to involve in activities auxiliary to financial intermediation, except insurance and pension funding. Directors of the company ...
Tally Solutions seeks small finance banking licenseRBI's central board director Revathy Iyer, former executive director B Mahapatra, former Canara Bank chairman TN Manoharan, former State Ba...