4 bidders in race to acquire Reliance Home Finance

Mumbai, Jan 28 : Two US-based funds, Avenue Capital/ARCIL and Aries SSG/ACRE, have placed their bids to acquire RHFL as a company.

Banking sources added that Capri Global and Kotak Special Situation Fund have also bid for the retail assets.

Lenders are supporting a full solution by selling the entire company. It is believed that Capri Global is the highest bidder for the retail assets of RHFL.

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The RHF has cash on hand of Rs 1,500 crore. Its total debt is of Rs 11,000 crore.

Disclaimer: This story is auto-generated from IANS service.

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