Reliance Capital Ltd has sold Reliance Commercial Finance Ltd as per resolution plan

Reliance Capital Limited has sold its holding in wholly owned subsidiary viz. Reliance Commercial Finance Limited (RCFL) to Authum Investment and Infrastructure Limited in pursuance of the implementation of the resolution plan of RCFL in terms of the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019.

Authum Investment and Infrastructure Limited, a limited company incorporated in India under the provisions of the Companies Act, 1956 having CIN L51109MH1982PLC319008 and having its registered office at 707, Raheja Centre, Free Press Journal Road, Nariman Point, Mumbai 400 021.

Source : Equity Bulls

Keywords

RelianceCapital RelianceCommercialFinance ResolutionPlan AuthumInvestmentandInfrastructure