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Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

by Editor March 29, 2023, 3:52 am 1.7k Views

Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

Torrent Investments has reportedly informed lenders of Reliance Capital that it is unwilling to participate in the auction to sell the financial services company.

This is likely to hurt the process to maximise returns from the sale because only the Hinduja Group may be left in the fray.

Earlier, while opposing the extension of the auction, in a letter to RBI Deputy Governor M. Rajeshwar Rao, Torrent Investments had sought directions…

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