Adani Finserve, KKR & Co. Inc. (NYSE:KKR), Piramal Finance Limited and Poonawala Finance are among the 14 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Limited (NSEI:RELCAPITAL), promoted by the Anil Ambani Group, sources said. The last date for submission of bids for the debt-ridden firm was extended to March 25, 2022 from the previous fixed date of March 11, 2022 by the Reserve Bank-appointed administrator.

ArpWood, Värde Partners, Inc., Multiples 1 (Multiples Fund), Nippon Life, J.C. Flowers & Co. LLC, Brookfield Asset Management Inc. (TSX:BAM.A), Oaktree, Apollo Global Management, Inc. (NYSE:APO), Blackstone Inc. (NYSE:BX), and Hero FinCorp Limited are the other major companies that have submitted Expressions of Interest (EoI) for Reliance Capital by March 11, 2022, they said. According to the sources, the vast majority of the bidders, who have submitted EOIs, have bid for the entire company.

The bidders have two options - either they can bid for the entire RCL or any one or more than one of the eight subsidiaries of the NBFC firm. The Reliance Capital subsidiaries include Reliance General Insurance Company Limited, Reliance Nippon Life Insurance Company Limited, Reliance Securities Limited, Reliance Asset Reconstruction Company Limited, Reliance Home Finance Limited (BSE:540709) and Reliance Commercial Finance Limited.