RELIANCE HOME FIN
RELIANCE HOME FIN IN FOCUS : 16.06.2021
BANKING SOURCES SAY
* Banking sources say voting on bids for Reliance Home Finance extended up to June 19.
* Context: Voting to select the highest bidder started on May 31, was expected to end today. Rel Home Finance has a debt of Rs 11,200 cr; Yes Bank, BOB, SBI among key lenders.
• Voting on bids for Rel Home Finance extended upto June 19
• Authum Invest & Infra seen in the lead, may be voted highest bidder
• Authum's proposal likely to have already secured required votes to be passed
* Ares SSG-Acre ARC, Arcil along with Avenue Capital, & Capri Global are other suitors
* Authum's bid value at Rs 2,887 cr incl upfront cash and deferred payment via NCDs
* Cash balance on RHF's books to be distributed among lenders as per plan
* BOB Caps, EY & Bank of Baroda as Lead Bank running process under RBI's June 7 circular
