Reliance Capital Limited (NSEI:RELCAPITAL) invited (RCap) initial bids for eight key assets it has put on the block as the troubled non-banking finance company is now aiming to repay a mammoth INR 150.00 Billion debt using expected sales proceeds. SBI Capital Markets and JM Financial are helping the Anil Ambani-owned company in this asset monetisation plan launched on October 31, 2020 . The deadline for the bids is December 1, 2020. The committee of debenture holders and a debenture trustee, which represents about 93% of the outstanding debt of Reliance Capital is overseeing the whole monetisation process. Reliance Capital did not respond to ET's query. “We hereby inform that Expression of Interest has been invited by the Committee of Debenture Holders in relation to the company's asset monetisation plan,” it said in an exchange notification without giving details. The company is aiming to sell stakes, wholly or partly, it holds in some of its key subsidiaries including in Reliance General Insurance Company Limited (RGI), Reliance Nippon Life Insurance Company Limited, Reliance Securities Limited, Reliance Asset Reconstruction Company Limited, Reliance Health Insurance Limited, Reliance Financial Limited, two sources with direct knowledge of the matter told ET. Barring Reliance Life and Reliance Asset Reconstruction, the group will likely to sell the whole business in the rest of the subsidiaries. Reliance Capital may sell up to 51% in the life business and 49% in the securities business.