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Piramal Group not eligible to acquire Reliance Capital, says Irdai

Group has promoter stake in Pramerica Life Insurance

Reliance Capital
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RCap’s lenders have extended the deadline to submit bids till June 30 as they received a tepid response from prospective bidders, with only eight of the 54 prospective resolution applicants engaging with them

Mumbai
4 min read Last Updated : May 27 2022 | 6:10 AM IST
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The Insurance Regulatory and Development Authority (Irdai) has written to Reliance Capital’s administrator flagging concerns over Piramal Group’s bid for the firm, pointing out that the latter already has a

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Topics : IRDAI Reliance Capital Piramal Group Pramerica

First Published: May 27 2022 | 6:10 AM IST

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