Aditya Birla Capital to seek regulator role in RCap resolution process

Warns it will seek intervention if RCap's Administrator ignores its demand for additional info on the company

Aditya Birla Sun Life Insurance Company, a late bidder for the Reliance Nippon Life Insurance Company (RNLIC), has threatened to seek the intervention of regulators and courts if its demand for additional information about the company is ignored by Reliance Capital's Administrator.

In a letter dated November 16, Aditya Birla Sun LIC has accused the Administrator of not providing the critical information related to the Reliance Nippon LIC. The company said despite repeated reminders, neither have its queries been addressed nor has its demand for a management meeting been considered.

The company has accused the Administrator of brazenly ignoring its