Reliance Capital (RCL) has invited bids for sale of its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of about Rs 20,000 crore. The process for inviting Expression of Interest (EOI) for its key assets was launched on October 31, 2020, with a view to unlock value of its underlying businesses and targets to make RCL debt free.
EOIs invited for all or part of RCL's stake of subsidiaries Reliance General Insurance, Reliance Nippon Life Insurance Company, Reliance Securities, Reliance Financial and Reliance Asset Reconstruction.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 912.20 |
| Shriram Finance | 1025.90 |
| Aditya Birla Capital | 338.60 |
| Chola Invest & Fin. | 1575.55 |
| Tata Capital | 335.40 |
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