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Reliance Capital lenders instructed to confirm their intention

Reliance Capital lenders instructed to confirm their intention

The lenders of debt-ridden Reliance Capital (RelCap) are scheduled to meet on Monday to resolve concerns raised by the bidders ahead of the second round of auction set to take place on April 26, according to sources. The two potential bidders, Torrent Investment and IndusInd International Holdings Ltd of Hinduja Group (IIHL), have expressed multiple...