 "Reliance Capital")
The auction of bankrupt Reliance Capital has hit a roadblock with the independent valuation reports by Duff and Phelps and RBSA Advisors valuing the company at 70 per cent higher than the offers received from potential acquirers.
While Duff and Phelps estimated Reliance Capital’s valuation at Rs 12,500 crore, the RBSA has pegged the company's liquidation value at Rs 13,200 crore. These reports were submitted to the committee of creditors on Wednesday after the bidders submitted their offers on Monday.
In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on
