Temporary stay on show-cause notice to Anil Ambani under Black Money Act to continue: Bombay HC
Wed, Apr 05, 2023
The court then granted an interim stay to the demand notice too. On Wednesday, when the petition came up for hearing, advocate Akhileshwar Sharma, appearing for the IT department, sought two weeks to file a "comprehensive affidavit" in response to the amended petition.
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Reliance Capital's lenders decide to propose their own plan to bidders
Wed, Apr 13, 2022
Amid a standoff over the bidding process for debt-ridden Reliance Capital Ltd (RCL) and its subsidiaries, lenders have rejected the concerns raised by the RBI-appointed administrator and have decided to go ahead with their own proposal, an unprecedented development under the insolvency proceedings, sources said.
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Differences emerge between Reliance Capital admin, lenders over resolution of company's subsidiaries
Sun, Apr 10, 2022
As many as 54 bids were received for the resolution of RCL and its multiple subsidiaries as of March 25, which was the last date for submission of Expressions of Interest (EoI).
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Adani, Tata AIG, ICICI Lombard, Nippon Life among 54 prominent bidders for Anil Ambani-promoted Reliance Capital
Sun, Mar 27, 2022
Other bidders include Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, OakTree Capital, Blackstone, Brookfield, TPG, KKR, Piramal Finance and Poonawala Finance, sources said.
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Lenders approve Authum’s plan for Reliance Commercial Finance: Sources
Thu, Jul 15, 2021
Lenders of Reliance Commercial Finance have approved the resolution plan of Authum Investment and Infrastructure, as per sources. Voting for the successful bidder and the resolution plan of Reliance Commercial Finance (RCF) that had started on 07 June 2021 and concluded today.
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Overwhelming majority! Reliance Power shareholders approve preferential offer to RInfra with over 94% votes in favour
Wed, Jul 14, 2021
Accordingly, Reliance Power shall allot 59.50 Crore equity shares and 73 Crore warrants convertible into equivalent number of equity shares of the Company at a price of Rs.10 each by conversion of debt, aggregating upto Rs 1,325 Crore, to Reliance Infrastructure Limited (Reliance Infrastructure), a listed promoter company
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Regulator CERC allows Reliance Infrastructure firms BSES discoms to exit PPAs with NTPC Dadri-I power plant
Mon, Jul 05, 2021
Power regulator Central Electricity Regulatory Authority has allowed Reliance Infrastructure firms BSES Yamuna Power and BSES Rajdhani Power to exit power purchase agreements with NTPC Dadri-I power plant, which completed 25 years of service on November 30 last year.
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Reliance Power to reduce US EXIM Bank debt of Rs 1500 Cr: Sources
Mon, Jun 28, 2021
Reliance Power is expected to reduce another burden of Rs 1500 Cr by July end. As per sources export of equipment from Reliance Power’s Samalkot project are underway and the transplant is expected to be completed by end of July 2021. The company has sold the Module 1 equipment to the gas-based project jointly being developed by it along with JERA of Japan in Bangladesh
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Why Anil Ambani Group shares—Reliance Infra, Reliance Capital, Reliance Power, RHFL — are rising? | All you need to know
Sat, Jun 19, 2021
Anil Dhirubhai Ambani Group or ADAG group shares: The shares of Anil Dhirubhai Ambani Group or ADAG group have been performing exceptionally well for the past few months.
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THIS IS HOW Reliance Power consolidated debt will be reduced by Rs 3.2k cr in FY22 - HIGHLIGHTS of what happened at board meeting
Sun, Jun 13, 2021
In a major development, the Board of Directors of Reliance Power Limited at its meeting held today i.e. 13th June 2021 has approved Preferential Issue of upto 59.5 Crore equity shares and upto 73 Crore warrants convertible into equivalent number of equity shares of the Company at an Issue Price of Rs. 10 each by conversion of debt, aggregating upto Rs.1 ,325 Crore to Reliance Infrastructure Limited, a listed promoter company.
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Reliance Capital arm Reliance Commercial Finance into final stages of Rs 9,017 cr debt resolution; voting likely to be over by this date
Thu, Jun 10, 2021
Reliance Commercial Finance Limited (RCF) – a 100 per cent subsidiary of Reliance Capital Limited (RCAP) is into its final stages of debt resolution, Zee Business’ Brajesh Kumar Mishra reported citing his sources. RCF has a debt of Rs 9,017 cr
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Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr
Fri, May 03, 2019
On operational front, the company concluded 11,508 transactions, including housing sales and home loans, during the last financial year, slightly better than the 11,299 deals in the previous year. In value terms, it did transactions worth nearly Rs 5,000 crore as against Rs 4,302 crore in the 2017-18 fiscal.
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Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments
Thu, Mar 07, 2019
The completion of these transactions would be a major step forward in Reliance Capital`s deleveraging strategy, it said. Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.
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For first time, Mukesh Ambani enters this prestigious global rich club; Check full list here
Wed, Feb 27, 2019
Reliance Industries chief Mukesh Ambani has broken into the top 10 richest list globally with a net worth of $54 billion, while the fortunes of his younger brother Anil Ambani have done a U-turn, having lost over 65 percent of his net worth, according to a new report.
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Reliance Capital invites Nippon Life to acquire its stake in asset management JV
Thu, Feb 21, 2019
"Reliance Capital Ltd has invited its partner, Nippon Life Insurance Co Ltd to make an offer to acquire up to 42.88 per cent stake held by Reliance Capital in Reliance Nippon Life Asset Management Ltd," Reliance Capital said in a regulatory filing.
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Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case
Wed, Feb 20, 2019
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson. The court ordered the billionaire and two RCom directors to pay 4.5 billion rupees to Ericsson within four weeks or risk a three-month jail term, according to a ruling from a two-member bench headed by Supreme Court judge Rohinton Fali Nariman. The RCom had previously deposited more than 1 billion rupees with the court. In a statement, the Indian telco said it respected the ruling and “shall comply with the same”.
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