Authum Investment acquires Reliance Commercial Finance for Rs 1 crore ...Middle East

Business Standard - Economy

Authum Investment and Infrastructure on Friday acquired debt-ridden Reliance Commercial Finance Limited (RCFL) for Rs 1 crore. "This is to inform that the company has sold its holding in wholly-owned subsidiary RCFL to Authum Investment and Infrastructure Ltd in pursuance of the implementation of the resolution plan of RCFL in terms of the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019," Reliance Capital said in a regulatory filing. Authum Investment bought RCFL for a consideration of Rs 1 crore, it added. This is the first subsidiary of Reliance Capital, which has successfully undergone resolution. RCFL, which according to its website has bee

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Last updated : 14 October 2022 clock 07:32 PM

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Authum Investment acquires Reliance Commercial Finance for Rs 1 crore ...Middle East

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