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At Rs.2,887-Cr, Authum Investment is top bidder for Reliance Housing Finance

Business Standard  

Mumbai-based Authum Investment and Infrastructure is leading in the race to acquire Reliance Housing Finance Ltd (RHFL). According to its plan, lenders will receive INR 2,887 crore along with the cash on RHFL's books — INR 1,800 crore. Of the INR 2,887 crore, 90% will be paid upfront while the rest will be paid in a year.