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PIRAMAL COSMEA
Qatar Group, Cosmea and a few others team up for general insurance venture"The JV has applied for a preliminary licence to the regulator and it will start with more than ₹300 crore of initial investment," said a s...- NCLT rejects Torrent Investments' plea to halt Reliance Cap CoC's voting for second auctionThe National Company Law Tribunal (NCLT) on Monday rejected a plea by Torrent Investments -- one of the bidders for the Anil Ambani-promote...
- 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,...
- Torrent Group emerges highest bidder in phase 1 of Reliance Capital auctionReliance Capital is the third large NBFC against which RBI has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (I...
- Stocks in the news: Airtel, Dabur, City Union Bank, Jubilant Ingrevia and Shyam MetalicsTelecom operator, Bharti Airtel, has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for...
- 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...
- Cosmea pulls out of race to acquire Reliance CapitalThe planned e-auction for RCL, as approved by the committee of creditors (CoC), is scheduled to be held on December 21, and the exit of the...
- RCap threshold bid amount pegged at Rs 6,500 cr in 1st roundThe Piramal-Cosmea combine, the Hinduja Group, Torrent Investment and Oaktree Capital are expected to take part in the auction of Anil Amba...
- LIC withdraws offer to sell R-Cap debt to ACREAn offer by ACRE to the country's largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC ba...
- 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...
- Oaktree may exit from Reliance Capital resolution processAs per the National Company Law Tribunal (NCLT) order, lenders have to complete the resolution process of Reliance Capital by January 31, 2...
- 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 ...
- Piramal-Cosmea's ₹5,231-crore bid highest for RCap, unitsThe Piramal-Cosmea proposal involves Piramal offering to acquire only Reliance General Insurance Co, a wholly-owned subsidiary of Reliance ...
- Reliance Cap suitors seek extension of up to 4 months for submission of binding bidsNew Delhi, Sep 11 (PTI) Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of bi...
- Cosmea offers Rs 4,500 crore bid for Reliance Capital and Rs 1,000 cr capital infusion planCosmea Financial has offered ₹4,500 crore and promised an additional capital infusion of ₹1,060 crore into the distressed financier. Advent...
- 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...
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