Authum Investment & Infrastructure Limited (BSE:539177) has emerged as the highest bidder for Reliance Home Finance Limited (BSE:540709), a group company of the debt ridden Anil Ambani-promoted Reliance Group, with INR 28.87 billion offer. As per the deal, sources said, lenders led by Bank of Baroda (BSE:532134) would receive INR 28.87 billion, of which INR 25.87 billion or 90% would be paid upfront and remaining INR 3 billion within a year. The voting on bids received for RHF resolution will end on June 19, 2021.
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Other stock markets
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5-day change | 1st Jan Change | ||
3.88 INR | +4.86% | +17.22% | -12.81% |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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1,085 INR | +3.78% | +32.29% | 2.12B | ||
283.4 INR | +3.15% | +14.14% | 16.99B | ||
1st Jan change | Capi. | |
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-1.50% | 52.74B | |
-6.33% | 30.14B | |
+54.95% | 26.61B | |
+29.44% | 25.44B | |
+14.30% | 17.05B | |
+7.81% | 13.38B | |
+25.08% | 11.39B | |
+20.50% | 8.43B | |
-29.05% | 7.4B |
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- Authum Investment and Infrastructure Reportedly Emerges as Highest Bidder to Acquire Reliance Home Finance