Committee of creditors may ask bidders to sweeten offers for RCap

As many as 55 companies submitted expressions of interest (EoIs) for Reliance Capital but only a few submitted binding bids

The committee of creditors (CoC) of Reliance Capital is likely to ask the bidders of the bankrupt company to sweeten their offers as the current bids are too low.

 According to a banking source, in its meeting here on Wednesday, the CoC decided to make a detailed evaluation and have a discussion on all the bids made for the company. No final decision has been taken on the fate of the bids, the source said.

Several entities, including Hindujas, Piramal-Cosmea Financial Holdings, Oaktree, and Ahmedabad-based Torrent, made bids for the entire company by the Monday deadline. Piramal-Cosmea made the best