In a bizarre twist to the tale, Torrent has revised its resolution plan for Reliance Capital. Torrent had earlier accused IIHL (Hinduja Group) to revise their Resolution Plan.
Read Also
Hinduja Group's attempt to raise its bid for Anil Ambani's Reliance Capital reportedly thwarted
Torrent has now revised its upfront payment from Rs 3,750 crore to Rs 8,640 crore. This is allegedly in gross violation of the RFRP and the Challenge Mechanism.
Read Also
Piramal Group's consortium won't bid for resolution process of Anil Ambani's Reliance Capital
Torrent's alleged all cash bid of Rs 8,640 crore is still lower than the Rs 9,000 crore plus all cash bid of IIHL.
Sarathi Faces Backlash Over Land Record Demand In Foreign Scholarship Applications
Mumbai Police Deny Permission For Pro-Palestine Rally At Azad Maidan Amid Counter-Protest Threats By Hindu Group
Uttar Pradesh News: Thieves Cook Maggi, Relax In AC Before Robbing House In Lucknow's Indira Nagar
Air India Crash Triggers Panic Among Aviation Students In Lucknow
