Global biggies KKR, Blackstone, Apollo to bid for Reliance Capital assets

A resolution plan for Srei Infrastructure Finance is currently under process

Some of the world’s biggest global financial companies, including Blackstone, KKR & Co, and Brookfield Asset Management, have submitted their expressions of interest (EoIs) for Reliance Capital and its assets. The financial arms of the Piramal, Adani, and Poonawala groups have also sent in their EoIs.

According to a person in the know, Nippon Life, JC Flowers, Oaktree Capital Management, Apollo Global, Arpwood Capital, Varde Partners, Multiples Alternate Asset Management, and Hero Fincorp have also joined the race. The Piramal group has already won the race for Dewan Housing Finance Corporation, pipping Oaktree and the Adani group. Reliance Capital is