At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance

Authum Investment and Infrastructure, a Mumbai-based firm, is leading in the race to acquire Reliance Housing Finance (RHFL).  According to the plan, lenders will recieve Rs 2,887 crore along with the cash on RHFL’s books — Rs 1,800 crore.   Of the Rs 2,887 crore, 90 per cent of the amount will be paid upfront while the rest will be paid in a year.   A subsidiary of Reliance Capital, the housing finance company had defaulted on Rs 11,000 crore of loans, leading to lenders seeking bids from investors.   Authum is a domestic non-banking finance company (NBFC.....

Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel