Anil Ambani’s company Reliance Capital is going to be sold, shares fall heavily
[ad_1]
The company has made the highest cash offer of Rs 9,661 crore in the second round of bidding. Sources said that 99 percent of the votes went to IndusInd International Holdings Ltd. (IIHL) were in favor of the bid. This is because the lenders are expecting loan recovery from cash payment of Rs 9,661 crore.
Let us tell you that the shares of Reliance Capital are seeing a boom since last Friday. The shares had closed with gains on Friday. There was a 5 percent jump in this. Even today the stock is seeing a boom. The stock is trading at upper circuit today due to heavy buying by investors. This share has reached Rs 9.75 today with a gain of 5 per cent. In fact, this rally in shares has come after the lenders of RCAP voted in favor of the resolution plan presented by Hinduja Group company IndusInd International Holdings Limited. The company has made the highest cash offer of Rs 9661 crore in the second round of bidding.
[ad_2]
Source link
