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Six bidders submitted bids for Reliance Home Finance
TIWN
Six bidders submitted bids for Reliance Home Finance
PHOTO : TIWN

New Delhi, Dec 20 (TIWN) Six bidders have submitted bids for Reliance Home Finance Limited (RHFL).

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non compliant bidders.  The two compliant bidders opposed the arbitrary change of rules of the game by the lenders and the bidders threatened to walk away from the non-transparent process.  The lenders of RHFL have received a total of six bids for its assets in response to the resolution process being run.  However, only two bids are binding and compliant in nature with the bid conditions. The two compliant and binding bids are from Avenue, a US based fund and ARCIL, an Asset Reconstruction Company (ARC), as a joint bid.

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