Reliance Commercial Finance gets 13 EoIs from global, domestic investors

The resolution is being pursued by change in management of the entity by acquiring a 100 per cent stake

Reliance Commercial Finance, a wholly-owned subsidiary of Reliance Capital, has received expression of interest (EoI) from as many as 13 global and domestic investors, after lenders decided to seek a resolution of the entity under the June 7 circular of the Reserve Bank of India (RBI) for distressed assets.

Among the investors that have expressed interest in acquiring the entity are Capri Global, Edelweiss Asset Reconstruction Company (ARC), UV ARC, Ugro Capital, JM Finance ARC, India RF, ARCIL, Authum Investments & Infra and Assets Care and Reconstruction Enterprise. Other investors include CFM ARC, Invent ARC, Rare ARC and International ARC.

A consortium