New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition of Reliance Capital for which it is the favored bidder after lenders to the insolvent financial services company approved Hinduja’s resolution plan, sources familiar with the matter told.
Farallon Capital, Oaktree, Ares Asia and Cerberus are among the funds that have been tapped in recent weeks to discuss the modalities of the proposed arrangement if the Hindujas were to get requisite court approvals for their bid, sources said.
Source:
Economic Times
