A Piramal Enterprises Limited (BSE:500302) (Piramal group) -led consortium, IndusInd International Holdings Ltd., Oaktree Capital Management, L.P. and Cosmea Financial Holdings Private Limited are among resolution applicants actively considering a bid for Reliance Capital Limited (NSEI:RELCAPITAL) as an entire company, said two people aware of the development. Reliance Capital's administrator Nageshwara Rao Y has given potential applicants a choice to either bid for the entire company or submit plans for individual subsidiaries. Advent International Corporation is actively considering the submission of a plan for both the life and non-life insurance businesses, the people said.

Yes Bank Limited (NSEI:YESBANK) and True North Fund are likely to make separate bids for the life insurance unit, while Blackstone Inc. (NYSE:BX) and Zurich Insurance Group AG (SWX:ZURN) are likely to bid separately for the general insurance arm, the same people said.