The debenture holders committee has kick started the process to sell several key subsidiaries of Anil Ambani led Reliance Capital over the weekend. CNBC-TV18 learned that the committee has expressions of interest (EoI) for sale in Reliance Capital companies by December 1st.

The lenders have started the process of selling its stake in various of its key subsidiaries in order to recovery dues of almost Rs 20,000 crore. The monetisation process is being run by the committee of debenture holders who alone represent almost 93 percent of the total debt that Reliance Capital has. Bank of Baroda, Axis Bank and other are some of the key bankers that are also involved.

Ritu Singh tracks the story and gets the latest developments.

To know more, watch the video.

(Edited by : Abhishek Jha)

First Published:Nov 2, 2020 3:12 PM IST