Reliance Capital has sold its entire holding in wholly owned subsidiary viz. Reliance Commercial Finance (RCFL) to Authum Investment and Infrastructure in pursuance of the implementation of the resolution plan of RCFL in terms of the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019. The company has received consideration of Rs 1 crore from such sale.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies.