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.