Last updated: 03 Dec, 2020 | 01:59 pm
Reliance Capital has received interest from many global private equity companies and distressed asset investors including JC Flowers, Blackstone Group, Oaktree Capital, Kohlberg Kravis Roberts (KKR) and Bain Capital for buying a part of the whole of Reliance Capital, according to media reports.
What’s on sale?
Reliance Capital has a debt burden of more than ₹20,000 crore. About 93% of the debt is through bonds issued by the company, hence the monetisation process is being run by a committee of debenture holders under trustee Vistra ITCL India Ltd. Reliance Capital’s creditors have put up these assets for sale to recover their dues from the company. However, these are still initial stages, and final investors can only be identified after the company receives financial bids.