New Delhi: Reliance Capital Ltd (RCL), part of debt-ridden Anil Ambani-promoted Reliance Group, on Monday said the Committee of Debenture Holders has extended the deadline for submission of bids for the company's subsidiaries to December 17.
With regard to invitation of "Expression of Interest (EoI) for submission of asset monetisation plan(s) for certain subsidiaries/ investments of Reliance Capital Limited, we hereby inform that the Committee of Debenture Holders has decided to extend the last date for submission of Expression of Interest to December 17, 2020," RCL said in a regulatory filing.
Other than the extension in timeline, all other terms and conditions remain unchanged, it added.
Monetisation process is under the aegis of Committee of Debenture Holders and the Debenture Trustee Vistra -- ITCL India Ltd. The company's total outstanding debt is around Rs 20,000 crore.
