Reliance Home Finance has informed that lenders have selected 'Authum Investment and Infrastructure (Authum)' as the successful Bidder to acquire the Company and/or all its' assets through a competitive bidding process after several rounds of negotiations between the bidders and the Lenders. Authum's debt resolution plan is approved under RBI's Prudential Framework for Resolution of Stressed Assets, Directions dated June 7, 2019 ('RBI Directions'). The Hon'ble Supreme Court of India vide its Order dated March 3, 2023 has approved the implementation of the Resolution Plan. Copy of the Order is attached.
The above information is a part of company’s filings submitted to BSE.
