According to sources, Mumbai-based NBFC Cosmea Financial Holdings withdrew from the competition to purchase the heavily indebted Reliance Capital Ltd (RCL) through an insolvency managed bid procedure. Sources claim Piramal Group is still interested in the auction process notwithstanding Cosmea and Piramal Group’s attempt to purchase the former company of the Anil Ambani Group. Sources […]
Anil Dhirubhai Ambani is an Indian businessman born on June 4, 1959. He served as the chairman of Reliance Group, which was formed in July 2006 due to a demerger from Reliance Industries Limited and is also known as Reliance ADA Group. Reliance Capital, Reliance Infrastructure, Reliance Power, and Reliance Communications are among the companies […]