At least five entities including Piramal Enterprises Limited (BSE:500302), Oaktree Capital Group, LLC, IndusInd Bank Limited (BSE:532187), Cosmea Financials, Yes Bank Limited (NSEI:YESBANK) may submit their bids to acquire assets belonging to Reliance Capital Limited (NSEI:RELCAPITAL) under the insolvency process. August 29, 2022 is the last day to submit bids. The bidders will submit their final non-binding indicative bids under two options.

Under option one, bidders can bid for Reliance Capital as a Core Investment Company (CIC), while the second option gives the bidders freedom to buy RCAP's different business clusters, either individually or in combination. While lenders are more keen to sell Reliance Capital as a whole, some bidders are interested in only select business such as the insurance unit.