Last 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...

The decision was taken late Friday night at the committee of creditors (CoC) meeting to review offers received from the Hinduja Group and T...

Hinduja Group made the second-highest offer, of Rs 8,110 crore, for the core investment company that houses 20 financial services entities,...

Effectively, it would be difficult for Piramal Enterprises now to participate in the auction process scheduled Wednesday. This is mainly be...

The threshold price is the minimum price that a resolution applicant must offer to participate in the first round of the challenge auction ...

The Reliance Capital's Committee of Creditors (COC) met on Friday and finalised the process and rules for conducting an e-auction for the b...

There will be multiple rounds of bidding among resolution applicants until the highest bidder is identified. The highest offer of ₹5,231 cr...

Piramal-Cosmea's ₹5,231-crore offer comprises Piramal acquiring Reliance General Insurance Company, a wholly owned subsidiary of Reliance C...

For the financial services business, the Reserve Bank of India (RBI) has special powers under section 227 of the IBC to refer companies to ...

The administrator has verified claims of ₹23,666 crore from financial creditors; the highest is from Life Insurance Corporation of India, f...

Reliance Capital's administrator Nageshwara Rao Y has given potential applicants a choice to either bid for the entire company or submit pl...

“The examination of six applications has now been completed as per the procedure laid down under these guidelines,” the RBI said in a state...

It 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, former chief executive of Reliance Capital, is looking to expand his financial services business. After applying for a small fin...

Asia’s first cryptocurrency exchange-traded fund (ETF) could be launched in India’s GIFT City this year.

Cosmea aims to involve in activities auxiliary to financial intermediation, except insurance and pension funding. Directors of the company ...

RBI's central board director Revathy Iyer, former executive director B Mahapatra, former Canara Bank chairman TN Manoharan, former State Ba...