Reliance Capital was the last big bastion to fall in Anil Ambani’s business empire. Once competing with the likes of ICICI and HDFC, it has been, for the last year, languishing in India’s bankruptcy court. The complex resolution process is a two-horse race between Gujarati pharma giant Torrent Group and auto-hospitals-banking conglomerate Hinduja Group. The prize is RCap’s lucrative insurance business with assets worth Rs 56,000 crore.
Host Anirban Chowdhury speaks to:
Credits: CNBC-TV18 1, CNBC-TV18 2, Business Standard, CNBC-TV18 3, CNBC-TV18 4, CNBC-TV18 5, CNBC-TV18 6, Reliance Capital
If you like this episode from Anirban Chowdhury, check out his other interesting episodes on El Niño: Little Boy, Big Trouble, Will music streaming platforms survive in India?, Lufthansa CEO on its turnaround, India and Air India, and much more!
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