Reliance Capital’s suitors seek extension for submission of binding bids
12th Sep 2022

Reliance Capital’s (RCL) suitors have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension by 16 weeks, while Piramal Finance has sought additional time of 12 weeks, that is till December.

As per the current timeline, the last date for submission of binding bids, along with Earnest Money Deposit (EMD) of Rs 75 crore, is September 29.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies.