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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5-day change | 1st Jan Change | ||
4.24 INR | +4.95% | +32.92% | -4.72% |
Apr. 12 | Reliance Home Finance Limited Announces Board Cessations | CI |
Mar. 11 | Reliance Home Finance Limited Announces Resignation of Ashish Turakhia as Non-Executive Director | CI |
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841.8 INR | -1.37% | +11.64% | 1.74B | ||
272.7 INR | +1.70% | +6.13% | 16.62B | ||
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-6.84% | 49.88B | |
-5.35% | 30.53B | |
+63.34% | 29.08B | |
+20.03% | 23.38B | |
+16.55% | 17.94B | |
-7.09% | 11.81B | |
+21.38% | 11.27B | |
-28.89% | 8.31B | |
+15.00% | 8.13B |
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- Authum Investment and Infrastructure Reportedly Emerges as Highest Bidder to Acquire Reliance Home Finance