Eye on maximum value, lenders say no to Reliance Capital liquidation

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

Lenders to bankrupt financial services firm Reliance Capital on Tuesday ruled out the liquidation of the company, saying it would lead to value destruction.

“The liquidation option is not on the agenda for now. The focus is to get maximum value in bidding,” said a person close to the development. The lenders of Reliance Capital met in Mumbai on Tuesday to take stock of the various offers received by them.

The source said the agenda for negotiations with the current bidders is being firmed up and it will take another two-three days to finalise it.

"Lenders will decide on the