Reliance Cap lenders to run 2nd round of auction for value maximization; decision on Monday

The Committee of Creditors (CoC) will meet on Monday to decide on the second round of auction as it is expecting bids upwards of Rs 10,000 crore from this. The first round of auction witnessed both Hindujas and Torrent trying to outbid each other by continuously sweetening their bids and offering more upfront cash, even after the auction got over, sources said.

from Banking/Finance-Industry-Economic Times https://ift.tt/OfUEVGb