Reliance Capital has sold its entire holding in wholly owned subsidiary viz. Reliance Commercial Finance (RCFL) to Authum Investment and Infrastructure 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. The company has received consideration of Rs 1 crore from such sale.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.